Inflation in Guatemala
Guatemala - Inflation
Inflation picks up in February
Consumer prices increased 0.14% month-on-month in February, a markedly softer rise in prices than January’s 1.35%. The result reflected a noticeable increase in transportation costs being largely offset by lower prices for food; furniture and household items; and education.
Inflation rose from 4.1% in January to 4.5% in February and moved closer to the upper limit of the Central Bank’s 3.0%–5.0% target range. Meanwhile, annual average inflation was stable at January’s 3.7% in February.
Banguat expects inflation to end 2019 at 4.0%. FocusEconomics panelists see inflation ending 2019 at 3.7%, which is unchanged unchanged from last month’s forecast. For 2020, our panelists expect inflation to end the year at 3.4%.
Guatemala - Inflation Data
|Inflation Rate (CPI, annual variation in %)||4.3||3.4||2.4||4.5||4.4|
5 years of economic forecasts for more than 30 economic indicators.
Guatemala Inflation Chart
Source: National Statistical Institute and FocusEconomics calculations.
|Exchange Rate||7.69||0.22 %||Mar 11|
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March 11, 2019
Although data for the fourth quarter has yet to be released, preliminary estimates from the Central Bank showed that economic growth accelerated to 3.0% in 2018 from 2.8% in the prior year. The pick-up in pace was chiefly buttressed by firmer domestic demand.
March 8, 2019
Consumer prices increased 0.14% month-on-month in February, a markedly softer rise in prices than January’s 1.35%.
March 7, 2019
Growth in economic activity accelerated from a downwardly revised 2.8% expansion in December (previously reported: +3.4% year-on-year) to a 3.4% increase in January.
March 7, 2019
Remittances from workers abroad rose 9.6% year-on-year in February, up from January’s 8.4% increase.
February 13, 2019
Growth in economic activity decelerated from a revised 3.8% expansion in November to 3.3% in December, according to Banguat’s monthly index of economic activity.