Inflation in Guatemala
Guatemala - Inflation
Inflation moderates strongly in December
Consumer prices increased 0.13% over the previous month in December, contrasting the 0.29% decrease in November. The result chiefly came on the tails of marked price increases for food and recreation, which offset significantly cheaper prices for transportation.
Inflation, meanwhile, moderated strongly from 3.2% in November to 2.3% in December, moving below the Central Bank’s 3.0%–5.0% target range.
Guatemala Inflation Forecast
Banguat expects inflation to end 2019 at 4.0%. FocusEconomics panelists see inflation ending 2019 at 4.0%, which is up 0.1 percentage points from last month’s forecast. For 2020, our panelists expect inflation to end the year at 3.8%.
Guatemala - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 4.3 | 3.4 | 2.4 | 4.5 | 4.4 |
Guatemala Inflation Chart
Source: National Statistical Institute and FocusEconomics calculations.
Guatemala Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 7.73 | 0.22 % | Jan 14 |
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Economic News
Guatemala: Economy grows at quickest pace since Q2 2016 in the third quarter
January 10, 2019
The economy picked up some steam in the third quarter on resilient domestic demand, which offset a weaker external sector.
Guatemala: Economic activity accelerates in November
January 9, 2019
Growth in economic activity accelerated from 3.2% year-on-year in October to 3.4% in November, according to Banguat’s monthly index of economic activity.
Guatemala: Inflation moderates strongly in December
January 8, 2019
Consumer prices increased 0.13% over the previous month in December, contrasting the 0.29% decrease in November.
Guatemala: Growth in remittances eases slightly in November
January 7, 2019
Remittances from workers abroad increased 17.1% over the same month a year earlier in November, slightly down from the 18.6% year-on-year expansion recorded in October.
Guatemala: Growth in economic activity speeds up in October
January 7, 2019
Economic activity accelerated in October to 3.3% year-on-year from 3.0% in September according to Banguat’s monthly index of economic activity.
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