According to data from the National Statistics Institute (INE), the main increases were recorded in the food and beverages sector compared to October, which rose 1.51%, followed by health care costs with a monthly change of 0.52%.
El Periódico reports on its website, "Weather problems are affecting food provisions, especially tomato, and this behind the rising inflation, according to Wilson Romero of the Economic and Social Research Institute (IDIES) of Universidad Rafael Landivar.
The increase in the month of October was 0.47%, which represents the largest monthly increase since May, the month which saw a 0.55%. rise.
According to a report released by the INEC, the five goods and services with the greatest contribution to the increase, two are regulated (water and transportation service) and two are agricultural products, which are closely related to climate conditions that affect supply (tomato and potato), and the fifth is coffee. Negotiated contracts for coffee in international markets have experienced a rise of more than 40% this year. Concerns about bad weather and outbreaks in major suppliers such as Vietnam and Colombia have influenced this increase.
The monthly report by the Foundation for the Development of Guatemala has been released, with the main indicators of the national economy.
Inflation Continues to Fall in August
During the first seven months of the year (January-August), the country accumulated inflation of 2.36%, while the interannual variation of the Consumer Price Index (CPI) showed a variation of 2.71%, down 4.92 percentage points compared to August last year (7.63%), continuing the downward trend that began in January.
Receive more news about Economics
Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.
I have six building lots in the Punta Leona Resort ready for construction. I am looking for a partner to provide financing and or construction. Wanted partner for financing and/ or construction in the...