Guatemala Inflation

Guatemala

Guatemala: Inflation rises to a seven-month high in August

September 6, 2014

In August, consumer prices rose 0.42% over the previous month, which was below the 0.57% increase recorded in July. The print mainly reflected higher prices for food and alcoholic beverages.

Annual headline inflation edged up from 3.4% in July to 3.7% in August, which marked the highest rate since January of this year. Inflation still remains anchored within the Central Bank’s tolerance margin of plus/minus 1.0 percentage points around its target of 4.0%. Core consumer prices added 0.11% in August over the previous month (July: +0.26% month-on-month), while annual core inflation ticked up from 1.9% in July to 2.0%.

At its 27 August monetary policy meeting, the Central Bank decided to keep the policy interest rate steady at 4.50% in an effort to boost the domestic economy.

FocusEconomics Consensus Forecast panelists see inflation at 4.2% by the end of 2014, which is unchanged from last month’s estimate. In 2015, FocusEconomics Consensus Forecast participants expect inflation to increase to 4.4%.


Author: Angela Bouzanis, Senior Economist

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Guatemala Inflation Chart


Guatemala Inflation August 2014

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


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