Guatemala: Inflation Decelerated in 2018

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.

Tuesday, January 8, 2019

The most important inflation levels for December 2018 are as follows: 0.13% monthly inflation, 2.31% inflationary rhythm and 2.31% cumulative inflation. The monthly inflation (0.13%), accumulated and year-on-year (2.31%), registered a deceleration regarding December of the previous year (0.95%), (5.68%), informed the National Statistics Institute.

Out of twelve expense divisions that make up the CPI, food (0.65%), recreation (0.37%), reflect the behavior in the price level of inflation up to December 2018. On the other hand, transportation (-1.55%), alcoholic beverages (-0.10%), housing (-0.09%), are the divisions presenting the least negative variation in their price level.

The inflationary rhythm up to December 2018 (2.31%), is the first lower of those observed in December of the 2011-2017 period and is 1.97 below the average (4.28) of the same period. The highest inflationary rhythm in the analysis period occurred in 2011, which was 6.20%.

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More on this topic

Inflationary Rhythm Decelerated in Costa Rica

January 2020

After the Consumer Price Index reported a 2.03% year-on-year variation at the end of 2018, in December 2019 the inflationary rhythm dropped to 1.52%.

The groups with greater contribution to the variation of the CPI in December 2019 were: Food and non-alcoholic beverages and Transportation, reported the National Institute of Statistics and Census (INEC).

Inflationary Rate Falls to 1.8%

October 2019

For the third consecutive month, the inflationary rate in Guatemala decelerated, since the year-on-year variations reported by the Consumer Price Index during July, August and September, were of 4.4%, 3% and 1.8%, respectively.

The most important inflation levels in September 2019 are as follows: monthly inflation of -0.58%, inflationary rate of 1.80% and accumulated inflation of 1.63%, 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: Year-on-year Inflation Slows

August 2018

Following the country's inflationary rhythm oscillating between 3.8% and 4.7% in the first six months of the year, in June the price indicator registered a variation of 2.6%.

From a report by the National Institute of Statistics:

The most important inflation levels in July 2018 are the following: monthly inflation of 0.36%, inflation rate of 2.61% and cumulative inflation of 1.08%. 

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