Inflation in Guatemala

Guatemala Inflation | Economic News & Forecasts

Guatemala - Inflation

Inflation comes in at highest level since December 2008 in August

Consumer prices rose 0.68% in August over the previous month, below the 1.08% rise seen in July. August's result marked the weakest reading since April and was driven by weaker price increased for food and non-alcoholic beverages and clothing and footwear. On the other hand, price growth for housing, electricity, water and fuels accelerates.

Inflation, meanwhile, increased to 8.9% in August, following July’s 8.4%. August's reading represented the highest inflation rate since December 2008. The trend pointed up, with annual average inflation coming in at 4.8% in August (July: 4.4%).

Analysts at the EIU added:

“Global inflationary pressures will remain strong, and inflation is likely to prove "sticky" and well above the historical average throughout 2023. […] As Guatemala is a net importer of oil and other fuels, domestic transport costs are likely to remain elevated, with spillover effects on core inflation (which excludes food and energy prices). Inflation could be even higher in the event of adverse weather conditions.”

FocusEconomics panelists see inflation ending 2022 at 4.0%. For 2022, our panelists expect inflation to end the year at 3.9%.

Guatemala - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)2.4  4.5  4.4  3.8  3.7  

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Guatemala Inflation Chart

Guatemala Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: National Statistical Institute and FocusEconomics calculations.

Guatemala Facts

Value Change Date
Exchange Rate7.710.22 %Jan 01

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