Deflation, for the first time in 25 years

In Guatemala, the consumer price index for July registered an inter-annual variation of -0.3%, and this trend could continue in August.

Monday, August 10, 2009

The last time inter-annual inflation was negative was in July 1984, 25 years ago.

"However, the Central Bank of Guatemala affirms that to declare a 'deflationary process' (a generalized drop in prices), there has to be at least two months of consecutive negative inter-annual inflation", reported journalist Lorena Alvarez in an article in El Periódico.

More on this topic

Costa Rica: CPI Up 0.34% from June to July

August 2013

The cumulative change of the Index in the period August 2012 to July 2013 is 5.81% higher than the variation in the same period last year (3.95%)

Consumer Price Index, based on July 2006
July 2013

The National Institute of Statistics and Census has reported on the main results of the Consumer Price Index for the month of July 2013.

Guatemala's Economy to October 2011

October 2011

The Foundation for Development has released an Economic Bulletin for October 2011 reporting on key indicators of Guatemala’s economy.

Regarding inflation, the report noted that:

“According to the Consumer Price Index-CPI-republic level, developed by the National Statistics Institute, INE, inflation in September was lower than in August as the CPI registered a value of 105.85, compared to 105.78 recorded the previous month.

Guatemala Closes a Deflationary 2009

January 2010

In 2009, and for the first time in 27 years, the country recorded a negative inflation rate (-0.28%).

The main causes were the international economic crisis, a contraction in local economic activity and a reduction in remittances.

"Antonieta de Bonilla, Banguat President, considers the situation was the result of a realignment of prices, after they were pushed higher by the elevated price of commodities in 2008".

Guatemala Records 0.42 Point Deflation

February 2009

The Consumer Price Index registered a decrease of 0.42% in the month of January

Elperiodico.com.gt in its website publishes: "Thus, Luis Arroyo, Director of the IPC of the National Institute of Statistics (INE), has affirmed that this is the first time in 25 years that there has been a fall in prices during January."

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