Inflation in Guatemala

Guatemala Inflation | Economic News & Forecasts

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  

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Guatemala Inflation Chart


Guatemala Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: National Statistical Institute and FocusEconomics calculations.

Guatemala Facts

ValueChangeDate
Exchange Rate7.660.22 %May 13

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