Guatemala: Inflationary pressures intensify in January
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.