Guatemala: .13% Inflation Rate in May

According to data from the National Institute of Statistics, the accumulated inflation rate (from January to May) was -1.05 and prices increased .13% in May.

Tuesday, June 9, 2009

For seven consecutive months, this indicator has decreased. One of its lowest levels in recent years was reported in May.

Prensalibre.com highlighted statements by Luis Arroyo, the director of the Department of the Consumer Price Index (CPI) of INE: "It is probable that we will enter a period of deflation because we still have the three months that were the highest last year remaining. Furthermore, we have noticed that the variations of this year seem to be in a free fall."

More on this topic

Guatemala: Prices Keep Falling

November 2009

Inflation was -0.19% in October, while the year-on-year figure was -0.65%.

This drop has been mostly driven by lower prices in corn, oranges, tomatoes, avocado and fuels.

"From the 26 products included in the Basic Food Basket, ... 14 recorded price drops, among them cheese, chicken meat, tomatoes, coffee, banana and black beans; whereas 9 recorded increases, including bread, pasteurized milk and maize pancakes", reported Elperiodico.com.gt.

Inflation in Guatemala drops

October 2008

Surveys carried out by the National Statistics Insitutue (INE) determined that inflation (for the last 12 months) drop 0.94 percentage points, compared to August of last year.

Drop in price of goods such as tomatoes, potatoes, beans, gasoline, propane, for example, caused the cost of living (inflation) to record a new slow down last September, according to the month report from INE.

Guatemala's living costs exceed central bank's goal

July 2008

The Bank of Guatemala began 2008 with a forecast of a cost of living increase between four and seven percent this year, but the nation started the year with a jump of 8.39 percent and in June the increase touched 13.56 percent compared with the year-earlier figure.

"We see a scenario of inflation above the goal," admitted Bank of Guatemala President María Antonieta Del Cid de Bonilla, at the end of her report to the Legislature.

Prices rise in El Salvador

July 2008

Over the past five years, the basic basket of consumer goods has risen by 42 dollars, or 67.5 percent, but just in the past year it has gone up by 28 dollars.

In May 2003, the cost of the basket was 124.56 dollars, while in 2007 it was 138.21 dollars. This May the price was 166.56.

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