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.
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.
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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