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%.