Fifteen months after the beginning of the health and economic crisis, Guatemala, Honduras and Nicaragua are the economies in the region with the highest inflation rates, a behavior that was influenced by increases in fuel and transportation costs.
In the second quarter of 2020, a period in which the countries of the region were going through a severe economic crisis caused by the Covid-19 outbreak, inflation levels were low and in some economies negative variations were reported.
During November, the CPI registered a 2.9% variation with respect to the same month of 2018, an inflationary rhythm higher than the 4.2% rate reported in October.
The most important inflation levels in November 2019 are as follows: 0.44% monthly inflation, 2.92% inflation and 2.79% accumulated inflation, according to the National Statistics Institute (INE).
After falling from 4.4% to 1.8% between July and September 2019, during October the price growth rate was 2.2%.
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.
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).
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).
After registering a 4.5% year-on-year variation in the Consumer Price Index in May, in June the inflationary rhythm rose to 4.8%.
The most important inflation levels in June 2019 are as follows: 0.83% monthly inflation, 4.80% inflationary rhythm and 3.17% accumulated inflation, reported the National Statistics Institute.
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.
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.
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.
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).
Up to January 2019 in Guatemala the year-on-year variation of the CPI was almost 4%, well above the rate of 2.3% registered at the end of 2018.
The most important inflation levels in January 2019 are as follows: monthly inflation of 1.35%, inflationary rhythm of 4.10% and accumulated inflation of 1.35% were registered, reported the National Statistics Institute (INE).
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. 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.
In October, the year-on-year inflation was of 4.3%, however, in November the inflationary rhythm was reduced to 3.2%, behavior explained by the performance of transportation prices.
The most important inflation levels in November 2018 are the following: monthly inflation of -0.29%, inflationary rhythm of 3.15% and accumulated inflation of 2.18%, informed the National Statistics Institute.
In the tenth month of the year, the CPI showed a monthly variation of 0.34%, mainly because of the behavior of Transport and Recreation prices.
The most important inflation levels of October 2018 are the following: a monthly inflation of 0.34%, an inflationary rate of 4.34% and an accumulated inflation of 2.48% were registered, according to the National Statistics Institute.
After the Consumer Price Index reported interannual variations of 2.6% and 3.3% in July and August, in September the inflationary rhythm increased to 4.6%.
From the National Statistics Institute report:
The most important inflation levels in September 2018 are the following: monthly inflation of 0.60%, inflation rate of 4.55% and accumulated inflation of 2.13%.
In the eighth month of the year, the CPI registered a monthly variation of 0.44%, mainly explained by the behavior of prices in the category of Food and Restaurants.
From a report by the National Institute of Statistics:
The most significant inflation levels in August 2018 are the following: monthly inflation of 0.44% was registered, inflationary rhythm of 3.36% and accumulated inflation of 1.53%.