Guatemala Inflation

Guatemala

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.

The Central Bank sees inflation ending this year at 3.18%, while it expects inflation to close 2016 at 3.53%. FocusEconomics Consensus Forecast panelists foresee inflation at 2.7% at the end of 2015, which is down 0.2 percentage points from last month’s estimate. The panel expects inflation of 3.3% at the end of 2016.


Author: Teresa Kersting, Economist

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Guatemala Inflation Chart


Guatemala Inflation October 2015

Note: Annual and monthly variation of consumer price index in %.
Source: National Statistical Institute


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