Guatemala: Inflationary pressures intensify in January
February 8, 2019
Consumer prices rose 1.35% over the previous month in January, a sharp increase from December’s 0.13% price rise. The result came on the heels of a marked increase in the price level for food, which offset steep declines in the prices for recreation and transport, which fell in tandem with the drop in oil prices in recent months.
Inflation also picked up from 2.3% in December to 4.1% in January, returning within the Central Bank’s 3.0%–5.0% target range. Meanwhile, annual average inflation remained virtually unchanged at 3.7% in January compared to 3.8% in December.
Guatemala Inflation Forecast
Banguat expects inflation to end 2019 at 4.0%. FocusEconomics panelists see inflation ending 2019 at 3.7%, which is unchanged unchanged from last month’s forecast. For 2020, our panelists expect inflation to end the year at 3.4%.
Author: Jan Lammersen, Economist