Inflation in Guatemala

Guatemala Inflation | Economic News & Forecasts

Guatemala - Inflation

Inflation comes in at highest level since November 2008 in October

Inflation came in at 9.7% in October, which was up from September’s 9.0%. October's figure was the highest inflation rate since November 2008. The figure was largely due to rising prices for food and alcoholic beverages. In addition, price pressures for clothing and footwear increased at a stronger pace.

Annual average inflation rose to 5.8% in October (September: 5.3%).

Finally, consumer prices increased 0.98% in October over the previous month, accelerating from September's 0.36% increase.

FocusEconomics panelists see inflation ending 2023 at 5.1%, which is up 0.3 percentage points from last month. For 2024, our panelists expect inflation to end the year at 4.0%.

Guatemala - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)2.4  4.5  4.4  3.8  3.7  

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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

Value Change Date
Exchange Rate7.710.22 %Jan 01

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