Guatemala: Inflation ticks up in October
November 7, 2014
In October, consumer prices rose 0.15% over the previous month, which was above the 0.05% increase recorded in September. Consumer prices increased in almost every sub-category of the index, with only transportation and housing posting decreases.
Annual headline inflation ticked up from 3.5% in September to 3.6% in October. 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 stabilized at September’s 2.1% increase.
At its 24 September monetary policy meeting, the Central Bank decided to leave the policy interest rate unchanged at 4.50%.