Guatemala: Inflation Changes Trend

After falling from 4.4% to 1.8% between July and September 2019, during October the price growth rate was 2.2%.

Monday, November 11, 2019

Out of the twelve spending divisions that make up the Consumer Price Index (CPI), food (1.62%), transportation (0.79%), recreation (0.45%), reflect the rise in the general price level of inflation to October 2019, reported the National Statistics Institute.

The report adds that "... The most important inflation levels in October 2019 are as follows: monthly inflation of 0.70%, inflationary rhythm of 2.17% and accumulated inflation of 2.33%.

The Consumer Price Index up to October 2019 stood at 140.33, registering a 0.70% monthly inflation, and with respect to October of the previous year the inflationary rhythm was 2.17%. The monthly inflation (0.70%), presents an acceleration compared to October of the previous year (0.34%), the accumulated (2.33%), and year-on-year ( 2.17%), present a deceleration compared to the same month of the previous year (2.48%), (4.34%).

On the other hand, housing (-0.73%), clothing (-0.01%), showed a fall in their general price level.

At the regional level, the 7th and 4th, present the highest monthly inflation in the price level, with 3.57% and 1.27% respectively. While region II and III showed negative inflation with -0.64% and -0.08%.

See full report (in Spanish).

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More on this topic

Inflation Slows up to July 2019

August 2019

Between June and July of this year, the inflationary rhythm in Guatemala decreased from 4.8% to 4.4%, mainly because of the variations in the prices of alcoholic beverages and food.

The most important inflation levels in July 2019 are as follows: -0.06% monthly inflation, 4.37% inflationary rhythm and 3.11% accumulated inflation, according to the National Statistics Institute (INE).

Guatemala: Inflationary Rhythm Declines up to May 2019

June 2019

After recording a 4.8% year-on-year variation in the CPI in April, the inflation rate dropped to 4.5% in May.

Monthly inflation (0.26%), shows a slowdown compared to May of the previous year (0.47%), while the accumulated (2.33%), and year-on-year (4.54%), show an acceleration compared to the same month last year, according to the report of the National Statistics Institute.

Guatemala: 4.1% Y-o-Y Inflation up to March 2019

April 2019

For the second consecutive month, Transportation was the spending division that explained most of the rise in the Consumer Price Index, reported to March 2019.

The most important inflation levels of March 2019 are the following: monthly inflation of -0.04%, inflationary rhythm of 4.17% and accumulated inflation of 1.44%, informed the National Statistics Institute (INE).

Guatemala: Inflation Decelerated in 2018

January 2019

Up to December of last year, the year-on-year variation of the Consumer Price Index was 2.3%, an inflationary rhythm lower than the 5.7% recorded at the end of 2017.

The most important inflation levels for December 2018 are as follows: 0.13% monthly inflation, 2.31% inflationary rhythm and 2.31% cumulative inflation.

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