Guatemala: Inflation Reaches 5.25% in November

Inflation closed last month at the highest level of the year: 5.25%.

Wednesday, December 8, 2010

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.

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Costa Rica: Inflation Rate Accelerated in October

November 2010

Inflation in October reached 5.25% for the year.

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.

Guatemala Closes 2011 with 6.2% Inflation

January 2012

Inflation in December recorded a monthly cumulative variation of 0.22% and 6.20% for the year.

An increase in the cost of living in December was influenced by a rise of some products such as chili peppers, green beans, tomatoes and potatoes, and air transport services and travel.

Inflation Reaches 7.63% in Guatemala

September 2011

International pressure on the price of oil, wheat and corn are the main causes.

So far this year prices in Guatemala have risen by 5.85%, an increase explained largely by high commodity prices internationally.

At home, the products that rose in price during August were tomatoes, sugar and tortillas, while other goods such as oranges and avocados, as well as travel services, showed a reduction.

Economy of Guatemala to September 2012

September 2012

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.

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