Guatemala Inflation

Guatemala

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%.

FocusEconomics Consensus Forecast panelists see inflation at 3.6% by 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 October 2014 0

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


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