Inflation in Guatemala
Guatemala - Inflation (end of period)
Inflation remains steady in May
Consumer prices increased 0.16% from the previous month in May, picking up from the 0.11% increase logged in April. The print reflected a notable uptick in transportation costs, while housing prices also rose steeply.
Inflation was stable at April's 5.2% in May. May's figure represented the weakest inflation rate since December 2020. Meanwhile, the trend pointed up, with annual average inflation coming in at 4.8% in May (April: 4.5%).
Joan Domene, senior economist at Oxford Economics, added:
“Inflation is expected to ease in H2 as the base effect and supply shocks caused by the pandemic fade. However, rising energy prices could prevent a quicker convergence with the central bank’s 4% (+/-1%) target range.”
FocusEconomics panelists see inflation ending 2020 at 3.4%. For 2021, our panelists expect inflation to end the year at 3.7%.
Guatemala - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||3.1||4.2||5.7||2.3||3.4|
5 years of economic forecasts for more than 30 economic indicators.
Guatemala Inflation (eop) Chart
Source: National Statistical Institute and FocusEconomics calculations.
|Exchange Rate||7.71||0.22 %||Jan 01|
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June 14, 2021
Economic activity increased 12.4% year-on-year in April (March: +9.4% yoy).
June 8, 2021
Remittances totaled USD 1,236.7 million in May, jumping 47.8% year-on-year (April: +78..% yoy).
June 8, 2021
Consumer prices increased 0.16% from the previous month in May, picking up from the 0.11% increase logged in April.
May 26, 2021
At its 26 May meeting, the Monetary Board of the Central Bank of Guatemala opted to keep the monetary policy rate unchanged at the all-time low of 1.75%, marking the seventh consecutive hold. The decision was driven by the Bank’s assessment that indicators continue to show strengthening activity, with the latest data remaining in line with the forecasted 3.0%–5.0% GDP growth for 2021.
May 11, 2021
Consumer prices increased 0.11% in April over the previous month, below March's 0.33% increase.