Inflation in Guatemala is Accelerating

After March 2019, the year-on-year variation of the country's Consumer Price Index stood at 4.2%, in April it reached 4.8%, a rise explained by transportation prices.

Wednesday, May 8, 2019

The inflationary rhythm in April 2019 (4.75%) increased 0.83% regarding the observed in the same month of the previous year (3.92%). And compared to March 2019 (4.17%) it rose 0.58%, reported the National Statistics Institute.

The report explains that "... Of the twelve expense divisions that make up the CPI, transport (2.56%), recreation (0.87%), food (0.78%), reflect the behavior in the price level of inflation to April 2019. On the other hand, communications (-0.42%), furniture and household items (-0.06%), education (-0.01%), present negative variation in their price level.

The inflationary rhythm up to April 2019 (4.75%), is the highest observed in that months of the 2012-2018 period, and is above the average (3.76) of the mentioned period.

The inflationary rhythm per expense division in the month of April 2019 highlights the behavior of food which registered a 10.75% increase, surpassing the republic level of 4.75%. On the other hand, the division of furniture, goods and diverse services, registered the lowest inflationary rhythm with -0.21%, -0.03% respectively.

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More on this topic

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: 4.4% Y-o-Y Inflation up to February 2019

March 2019

During the second month of the year, transportation and recreation were some of the spending divisions that caused the rise of the CPI in the country.

The most important inflation levels of February 2019 are the following: monthly inflation of 0.14%, inflationary rhythm of 4.46% and accumulated inflation of 1.49%, 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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