Guatemala: Inflation ticks down in July
August 10, 2015
In July, consumer prices increased 0.51% over the previous month, which was above the 0.37% rise tallied in June and the highest tally in a year. Annual inflation inched down from 2.4% in June to 2.3% in July. As a result, 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%.The Central Bank sees inflation ending this year at 2.75%, while it expects inflation to close 2016 at 3.5%. FocusEconomics Consensus Forecast panelists foresee inflation at 3.0% at the end of 2015, which is unchanged from last month’s estimate. The panel expects inflation of 3.3% at the end of 2016.
Author: Robert Hill, Economist