Inflation in Guatemala
Guatemala - Inflation
Inflation climbs higher in April
Consumer prices increased 0.60% over the previous month in April, contrasting the 0.04% decrease registered in March. The jump was largely driven by a sharp rise in transportation costs and a rebound in the prices of food and non-alcoholic beverages, while lower prices for communication partly offset price gains.
Inflation rose to an over one-year high of 4.8% in April from 4.2% in March, moving closer to the upper limit of the Central Bank’s 3.0%–5.0% target range. Meanwhile, annual average inflation inched up to 3.8% in April from 3.7% in March.
Banguat expects inflation to end 2019 at 4.0% and 2020 at 4.3%. Last month, FocusEconomics panelists saw inflation ending 2019 at 4.0%, which was up 0.2 percentage points from the previous month’s forecast. For 2020, our panelists expected inflation to end the year at 3.6%. New forecasts will be published on 14 May.
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 | 7.66 | 0.22 % | May 13 |
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Economic News
Guatemala: Economic activity quickens in March
May 8, 2019
Economic activity growth accelerated to 2.7% in March from 1.9% in February.
Guatemala: Inflation climbs higher in April
May 7, 2019
Consumer prices increased 0.60% over the previous month in April, contrasting the 0.04% decrease registered in March.
Guatemala: Remittances inflows pick up in April
May 6, 2019
Remittances from workers abroad rose at a solid 12.5% pace in April, up from the 9.6% increase logged in March.
Guatemala: Economic growth edges down in the fourth quarter of 2018
April 4, 2019
The pace of economic growth in the Guatemalan economy was virtually unchanged in the final quarter of last year as the economy expanded 3.5% year-on-year, slightly down from the third quarter’s revised 3.6% increase (previously reported: +3.5% year-on-year).
Guatemala: Economic activity moderates in February
April 4, 2019
Economic activity growth dropped to 1.9% in February, down from January’s 3.4% increase.
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