Guatemala: Slight drop in inflation expected
The Inflation Expectations Survey revealed a some optimism regarding the behavior of the cost of living for the month of September and the next few months.
Tuesday, September 30, 2008
Analysts, who are consulted on a monthly basis, forecasted that (for this month) there will be a rate of inflation (for a 12 month period) of 13.15%, while for October and November 2008 they calculate that it will be 13% and 12.27% respectively.
A study done by the University of Costa Rica says that the current and future outlook of Costa Ricans is worst since 2002.
The consumer confidence index dropped 18 points when compared to May.
In September, Consumer Confidence Index was 112 points, eight points higher than results in the previous month (104).
Distrust by households about the economic future is slowing the growth of consumption.
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