Guatemala Inflation March 2017

Guatemala

Guatemala: Inflation stabilizes in March

April 7, 2017

In March, consumer prices increased 0.2% from the previous month, down from February’s 0.3% increase. While prices rose in eight of the twelve major categories that make up the index, with food prices registering the strongest increase, these were partly offset by a sizeable drop in transport and housing prices.

March’s inflation came in at 4.0%, which was in line with February’s result. Inflation remains within the Central Bank’s tolerance margin of plus/minus 1.0 percentage point around its 4.0% target.

At its 22 March monetary policy meeting, the Central Bank decided to leave its policy rate unchanged at 3.00%.

The Central Bank sees inflation ending this year at 4.5% and next year at 4.25%. FocusEconomics panelists see inflation ending the year at 4.1%, which is unchanged from last month’s estimate. Next year, the panel also expects inflation of 4.1%.


Author:, Economist

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Guatemala Inflation Chart


Guatemala Inflation March 2017

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


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