Latest reading: Harmonized inflation came in at 5.6% in July, which was up from June’s 5.3%. July’s figure was the...
Inflation in Guatemala
Consumer price inflation in Guatemala averaged 4.1% in the ten years to 2024, in line with the Central America and Caribbean regional average of 3.2%. The 2024 average figure was 2.9%. For more information on inflation, visit our dedicated page.
Guatemala Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Guatemala from 2024 to 2021.
Source: Macrobond.
Guatemala Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.2 | 4.3 | 6.9 | 6.2 | 2.9 |
| Inflation (CPI, ann. var. %, eop) | 4.8 | 3.1 | 9.2 | 4.2 | 1.7 |
| Inflation (Core, ann. var. %, eop) | -25.3 | 37.3 | 57.5 | -23.2 | -3.6 |
July sees inflation fall to joint-lowest level since December 2009
Latest reading: Inflation came in at 1.2% in July, down from June’s 1.8%. July's result marked the joint-lowest inflation rate since December 2009. Looking at the details of the release, the moderation was largely due to slower growth in prices for food and alcoholic beverages. Accordingly, the trend pointed down slightly, with annual average inflation coming in at 1.8% in July (June: 2.0%). Lastly, consumer prices increased 0.25% in July over the previous month, matching June's reading.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Guatemalan inflation projections for the next ten years from a panel of 13 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Guatemalan inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Guatemalan inflation projections.
Want to get access to the full dataset of Guatemalan inflation forecasts? Send an email to info@focus-economics.com.
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