Changes in Basic Basket Products
The new consumer price index in Guatemala will be implemented starting January 1st, 2011
Monday, December 13, 2010
Cellular usage will be included in the new method for measuring the cost of living.
The Economy Ministry announced changes to the way in which the Consumer Prices Index is calculated.
The mechanism for measuring prices will include a greater focus on those products that carry more weight in household expenses and a reduction of the importance of the weight of the others.
The CPI had a January cumulative monthly variation of 0.83% and an inter-annual variation of 4.91%.
According to data from the National Institute of Statistics, the accumulated inflation rate (from January to May) was -1.05 and prices increased .13% in May.
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