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%.
Author: Christopher Mc Innes, Economist