Guatemala Records 0.42 Point Deflation
The Consumer Price Index registered a decrease of 0.42% in the month of January
Tuesday, February 10, 2009
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."
Inflation was -0.19% in October, while the year-on-year figure was -0.65%.
The Consumer Price Index (CPI) positioned itself at -0.60%, leaving behind the -0.42% recorded in January
In 2009, and for the first time in 27 years, the country recorded a negative inflation rate (-0.28%).
In Guatemala, the consumer price index for July registered an inter-annual variation of -0.3%, and this trend could continue in August.
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