Guatemala: Inflation declines to nine-month low
February 7, 2014
In January, consumer prices rose 0.25% over the previous month, which followed the 0.31% increase recorded in December. The print mainly reflected higher prices for education, transportation and restaurants, according to the statistical institute.
Annual headline inflation fell from 4.4% in December to 4.1% in January, which marks the lowest level since April 2013. As a result, inflation remains well anchored within the Central Bank's tolerance margin of plus/minus 1.0 percentage points around its target of 4.0%. Core consumer prices added 0.26% in January (December: +0.13% month-on-month), while annual core inflation declined from 2.6% in December to 2.4% in January.
FocusEconomics Consensus Forecast panelists see inflation at 4.8% by the end of 2014, which is unchanged from last month's estimate. In 2015, FocusEconomics Consensus Forecast participants expect inflation to inch down to 4.7%.