Guatemala Inflation October 2019

Guatemala

Guatemala: Inflation rises in October

November 25, 2019

Consumer prices rose 0.70% month-on-month in October, contrasting the 0.58% fall in September. The print was driven by a strong rise in food prices while transport and recreation also became notably more expensive. On the other hand, housing prices fell strongly.

Inflation, meanwhile, rose to 2.2% in October from 1.8% in September; however, annual average inflation moderated to 3.6% from 3.8%.

Banguat expects inflation to end 2020 at 4.0%. FocusEconomics panelists see inflation ending 2020 at 3.8%, which is unchanged from the previous month’s forecast. For 2021, our panelists expect inflation to end the year at 4.0%.


Author:, Economist

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Guatemala Inflation Chart


Guatemala Inflation October 2019

Note: Annual and monthly variation of consumer price index in %.
Source: Central Bank of Guatemala.


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