Latest reading: Inflation eased to 1.5% in May, below April’s 2.0%. May’s figure marked the weakest inflation rate since March...
Inflation in Guatemala
In the year 2024, the inflation in Guatemala was 2.87%, compared to 3.42% in 2014 and 6.21% in 2023. It averaged 4.14% over the last decade. For more inflation information, visit our dedicated page.
Guatemala Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Guatemala from 2024 to 2021.
Source: Macrobond.
Guatemala Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.2 | 4.3 | 6.9 | 6.2 | 2.9 |
| Inflation (CPI, ann. var. %, eop) | 4.8 | 3.1 | 9.2 | 4.2 | 1.7 |
| Inflation (Core, ann. var. %, eop) | -25.3 | 37.3 | 57.5 | -23.2 | -3.6 |
April sees inflation fall to six-month low
Latest reading: Inflation inched down to 1.5% in April from March’s 1.6%. April's result marked the weakest inflation rate since October 2024, remaining comfortably below the Central Bank’s 3.0–5.0% target. Price pressures for housing eased compared to the last month. Conversely, food costs rose at a faster clip. As a result, annual average inflation fell to 2.3% in April (March: 2.5%). Lastly, consumer prices increased 0.20% in April over the previous month, picking up from the 0.09% increase recorded in March.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Guatemalan inflation projections for the next ten years from a panel of 13 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Guatemalan inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Guatemalan inflation projections.
Want to get access to the full dataset of Guatemalan inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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