Guatemala: Inflation rises in October
November 10, 2015
In October, consumer prices rose 0.50% over the previous month, which contrasted the 0.03% decrease tallied in September. The result marked a three-month high.
Inflation edged up from 1.9% in September, which had marked the lowest rate since January 2010, to 2.2% in October. Nevertheless, inflation is still hovering well below the lower bound of the Central Bank’s tolerance margin of plus/minus 1.0 percentage points around its target of 4.0%.
At its 30 September monetary policy meeting, the Bank of Guatemala decided to lower its policy rate to 3.00% from 3.25% to combat falling inflation.