Inflation in Guatemala
Guatemala - Inflation
Inflation comes in at highest level since November 2008 in October
Inflation came in at 9.7% in October, which was up from September’s 9.0%. October's figure was the highest inflation rate since November 2008. The figure was largely due to rising prices for food and alcoholic beverages. In addition, price pressures for clothing and footwear increased at a stronger pace.
Annual average inflation rose to 5.8% in October (September: 5.3%).
Finally, consumer prices increased 0.98% in October over the previous month, accelerating from September's 0.36% increase.
FocusEconomics panelists see inflation ending 2023 at 5.1%, which is up 0.3 percentage points from last month. For 2024, our panelists expect inflation to end the year at 4.0%.
Guatemala - Inflation Data
|Inflation Rate (CPI, annual variation in %)||2.4||4.5||4.4||3.8||3.7|
5 years of economic forecasts for more than 30 economic indicators.
Guatemala Inflation Chart
Source: National Statistical Institute and FocusEconomics calculations.
|Exchange Rate||7.71||0.22 %||Jan 01|
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November 30, 2022
At its latest meeting on 30 November, the Monetary Board of the Central Bank of Guatemala (Banguat) accelerated its hiking cycle, raising the key policy rate by 75 basis points to 3.75%.
November 17, 2022
Economic activity grew 4.0% year on year in September (August: +4.5% yoy).
November 10, 2022
Inflation came in at 9.7% in October, which was up from September’s 9.0%.
October 7, 2022
Economic activity grew 3.9% year on year in August (July: +2.9% yoy).
October 7, 2022
Remittances eased to USD 1,597.2 million in September from USD 1,642.7 million, but annual growth rose to 22.9% in September from 18.3% in August.