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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 4.3 | 3.4 | 2.4 | 4.5 | 4.4 |
Guatemala Inflation Chart
Source: National Statistical Institute and FocusEconomics calculations.
Guatemala Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 7.69 | 0.22 % | Mar 11 |
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Economic News
Guatemala: Economy accelerates in 2018
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.
Guatemala: Inflation picks up in February
March 8, 2019
Consumer prices increased 0.14% month-on-month in February, a markedly softer rise in prices than January’s 1.35%.
Guatemala: Economic activity picks up pace in January
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.
Guatemala: Growth in remittances accelerates in February
March 7, 2019
Remittances from workers abroad rose 9.6% year-on-year in February, up from January’s 8.4% increase.
Guatemala: Economic activity eases in December
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.
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