Inflation in Guatemala
Guatemala - Inflation
Inflation rises to near 11-year high in June
Consumer prices increased 1.83% from the previous month in June, picking up from the 1.31% increase seen in May. The reading was largely driven by rising prices for food and alcoholic beverages. In addition, price pressures for housing, electricity, water and fuels.
Inflation rose to 7.6% in June, above May’s 5.8%. June's reading was the highest inflation rate since August 2011. Annual average inflation ticked up to 4.0% in June (May: 3.7%).
FocusEconomics panelists see inflation ending 2022 at 4.0%. For 2022, our panelists expect inflation to end the year at 3.9%.
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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August 5, 2022
Economic activity rose 3.3% year on year in June (May: +4.2% yoy).
July 8, 2022
Economic activity rose 4.2% year on year in May (April: +4.4% yoy).
July 8, 2022
Consumer prices increased 1.83% from the previous month in June, picking up from the 1.31% increase seen in May.
Guatemala: Central Bank tightens financial conditions in June days after the government announces emergency package
June 29, 2022
The Monetary Board of the Central Bank of Guatemala (Banguat) increased its monetary policy rate by 25 basis points from 2.00% to 2.25% at its 29 June meeting.
June 8, 2022
Consumer prices rose 1.31% in May over the previous month, accelerating from the 0.54% increase logged in April.