Inflation in Guatemala
Guatemala - Inflation
Inflation climbs higher in April
Consumer prices rose 0.26% month-on-month in May, down from the 0.60% increase in April. The print reflected robust housing prices, which were partially offset by a noticeably softer rise in transport costs.
Inflation, meanwhile, edged down to 4.5% in May from 4.8% in April and moved closer to the midway point of the Central Bank’s 3.0%–5.0% target range. Annual average inflation was stable at April’s 3.8% in June.
Banguat expects inflation to end 2019 at 4.0% and 2020 at 4.3%. FocusEconomics panelists see inflation ending 2019 at 4.0%, which was up 0.2 percentage points from the previous month’s forecast. For 2020, our panelists expected inflation to end the year at 3.6%.
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||7.68||0.22 %||Jul 11|
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July 5, 2019
Remittances from workers abroad rose 10.1% year-on-year in June, down from the 20.5% jump recorded in May.
July 1, 2019
Consumer prices rose 0.26% month-on-month in May, down from the 0.60% increase in April.
Guatemala: Run-off seems guaranteed for tainted presidential elections; economic consequences uncertain
June 11, 2019
President Jimmy Morales’ corruption-scandal ridden presidency will come to an end when Guatemalans head to the polls on 16 June to elect a new president and the 160 members of Congress.
June 7, 2019
Remittances from workers abroad jumped 20.5% year-on-year in May, up from the 12.5% increase recorded in April.
June 6, 2019
Economic activity accelerated to 2.8% year-on-year in April from a revised 2.5% in March (previously reported: +2.7% year-on-year).