We're not the only ones with inflation, says Guatemalan bank chief
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.
Tuesday, June 10, 2008
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. Meanwhile, inflation was worse in April in Costa Rica (1.9 percent) and Honduras (1.8 percent) than in Guatemala.
Costa Rica's inflation in May was 1.91 percentage points higher than in April, raising fears over the future for interest rates. Inflation for the 12 months to the end of May came to 11.9 percent.
The president of the Guatemala's Central Bank, María Antonieta de Bonilla, is worried about the current economic situation in hre country and predicts the coming of stricter credit conditions.
Remittances by emigrants to their families in Guatemala rose by 11.33 percent year-on-year to US$1.36 billion in the first four months of the year, according to the nation's central bank, Banguat.
The Consumer Price Index has risen 6.39% in the last 12 months, above the inflation target of between 4% and 6% set by the Banguat.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar