Guatemala Inflation

Guatemala

Guatemala: Inflation ticks down in November

December 8, 2014

In November, consumer prices rose 0.19% over the previous month, which was just above the 0.15% increase recorded in October. Consumer prices increased in almost all sub-categories of the index, with only transportation and housing posting decreases. In addition, prices for education remained constant.

Annual headline inflation ticked down from 3.6% in October to 3.4% in November. Inflation still remains anchored within the Central Bank’s tolerance margin of plus/minus 1.0 percentage points around its target of 4.0%. Annual core consumer prices remained unchanged at October’s 2.1% increase.

At its 26 November monetary policy meeting, the Central Bank decided to reduce the policy interest rate from 4.50% to 4.00%.

FocusEconomics Consensus Forecast panelists see inflation at 3.6% at the end of 2014, which is down 0.5 percentage points from last month’s estimate. In 2015, FocusEconomics Consensus Forecast participants expect inflation to increase to 4.3%, which is unchanged from last month’s forecast.


Author: Angela Bouzanis, Senior Economist

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Guatemala Inflation Chart


Guatemala Inflation November 2014

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


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