The data, which shows a drop of 1.2 points, provides some relief to the Government which had promised to keep the final yearly index below 10.
"This is an index that has been maintained below the double digits, which was our objective and, given the tendency of the decrease in the cost of fuel at this time, I believe that we are going to reach our objective," said the Minister of the Economy, Ricardo Esmahan. The data was made public yesterday and put the accumulated inflation since January at 6.9%
Fundesa has released its monthly report on the main indicators of the national economy: inflation, oil, IMAE, external sector, exports, exchange rate, and fiscal revenues.
Inflation up slightly in October
During the first eleven months of the year (January-November), the country accumulated inflation of 2.89%, while the annual variation* the Consumer Price Index (CPI) was recorded at 3.11%, down 2.94 percentage points compared to November last year (6.05%), reversing the upward trend of the past two months. Meanwhile, the monthly variation decreased by -0.01%, 0.23 percentage points lower than in the same month of 2011 when it reached 0.22%. The annual variation figure is below the target range of the inflation set by the Monetary Board for 2012, at between 3.5% and 5.5%.
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.
Inflation closed last month at the highest level of the year: 5.25%.
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%.
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