Thailand: Inflation drops to lowest level since April in August
Inflation fell to 0.4% in August, below July’s 0.8%. August’s figure represented the lowest inflation rate since April. Looking at...
Inflation in Guatemala
Consumer price inflation in Guatemala averaged 4.1% in the ten years to 2022, above the Central America and Caribbean regional average of 3.4%. The 2022 average figure was 6.9%. For more inflation information, visit our dedicated page.
Guatemala Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Guatemala from 2022 to 2021.
Source: Macrobond.
Guatemala Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.7 | 3.2 | 4.3 | 6.9 | 6.2 |
| Inflation (CPI, ann. var. %, eop) | 3.4 | 4.8 | 3.1 | 9.2 | 4.2 |
| Inflation (Core, ann. var. %, eop) | 5.4 | -25.3 | 37.3 | 57.5 | -23.2 |
Inflation drops in June
Inflation cooled to 3.6% in June from May’s 3.8%. Looking at the details of the release, slower price pressures for housing and utilities outweighed faster price growth for food and non-alcoholic beverages. Accordingly, the trend pointed down, with annual average inflation slowing to 4.0% in June (May: 4.1%). Finally, consumer prices increased 0.16% in June over the previous month, picking up from the 0.03% increase seen in May.
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 15 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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