Guatemala: Inflationary Spiral

The economic crisis is causing social disintegration with unpredictable consequences, says columnist Mario Fuentes Destarac in the Guatemala newspaper El Periodico.

Monday, June 16, 2008


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He cites figures from the National Statistics Institute of Guatemala saying that inflation between January and May reached 5.82 percent, while prices are 12.24 percent higher than they were in May 2007.
The price increase in the basic basket of goods is more than 20 percent, putting further pressure on purchasing power of most Guatemalans.
All this is causing increasing unemployment and hunger, and social unrest but, he says, the government's reaction is erratic and uneven, and so far hasn't been very effective.

More on this topic

Nicaragua: Annual inflation 4.85% up to May

June 2014

Although so far this year prices have risen by 2.79%, this increase is less than that seen in the same period in 2013, of 3.60%.

From a press release issued by the Central Bank of Nicaragua:

In May, national inflation was 0.94 percent (0.99% in December 2013), caused by price increases in the divisions of food and non-alcoholic beverages; restaurants and hotels; and transport, which together contributed 0.864 percentage points to the observed variation.

Guatemala Closed 2010 with 5.39% Inflation

January 2011

The country ended 2010 with an inflation of 5.39%, an amount within the planned target set between 4% and 6%.

The Consumer Price Index (CPI) increased 0.08 percentage points in December, allowing for the annual inflation to end at the reported value, according to the director of the National Institute of Statistics, Luis Arroyo.

Costa Rica: Inflation Decreases in May

June 2009

Inflation, which had exceeded the two annual measurement figures since November 2008, has been declining.

In May, the Consumer Price Index (CPI) was the lowest this year, according to data from the National Institute of Statistics and Censuses (INEC).

Edgar Delgado Montoya wrote for the web edition of El Financiero: "It's the first time that the increase was in single digits since October 2007.

We're not the only ones with inflation, says Guatemalan bank chief

June 2008

Inflation is a world-wide problem, said Julio Suárez, vice-president of Guatemala's central bank, Banguat. Suárez was replying to a question on the nation's current annual inflation rate of 12.24 percent.

Suárez said the the rate of inflation was slowing down. Prices, he said, rose by 1.4 percent in May compared with 1.43 percent in April.

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