Inflation
According to the Consumer Price Index-CPI- at the level of the republic, developed by the National Statistics Institute INE, inflation showed a slight increase after two consecutive months of decline, since in November the CPI registered a value of 105.97, while in the previous month it was 105.74. According to this data, the monthly variation was 0.22% while the cumulative change up to 30 November was 5.97%, which shows the change in price compared to December last year. The rate of change (change in November 2011 compared to November 2010) stood at 6.05%, slightly above the inflation target set by the Monetary Board in 2011, of between 4% and 6%.
IMAE
The Monthly Economic Activity Index-IMAE-prepared by the Bank of Guatemala, is a useful indicator which tracks the pulse of economic activity throughout the year while the figures for the actual annual production (GDP) are being gathered and cyclical variations connected to it.
According to the latest estimate published in November by BANGUAT, for October 2011, the IMAE recorded a growth rate of 3.59% compared to the previous month, showing a negative trend for the fifth consecutive month since last April when there was a variation of 3.96%.During the first half of the year, the IMAE had shown an upward trend, but this was reversed in May being most pronounced in the fourth quarter.
Source: Gutemala Development Foundation
More on this topic
January 2012
A report has been released showing the leading economic indicators, focusing on December 2011.
Development Foundation of Guatemala FUNDESA
Inflation
The Consumer Price Index (CPI) showed an annual variation of 6.20% in December 2011, 0.81 percentage points higher than in the previous year (5.39%).
November 2011
The Development Foundation of Guatemala’s published its monthly report on the main indicators of the Guatemalan economy.
Inflation
According to the national Consumer Price Index (CPI) developed by the National Statistics Institute (INE in Spanish), inflation declined for the second consecutive month in October as the CPI registered a value of 105.74 as compared to 105.78 recorded the previous month.
June 2011
The monthly report of major national economic indicators discusses inflation, oil, IMAE, external sector, exports, foreign exchange, and tax revenue.
Economic Bulletin June 2011 - The Foundation for the Development of Guatemala (FUNDESA) notes that according to the Consumer Price Index (CPI), accumulated inflation during May 2011 (until 31 May) stood at 3.68%, which means that the price level rose compared to December 2010.
June 2010
Fundesa, Guatemala’s Foundation for Development, issued its monthly report on the status of the economy.
Inflation
According to the Consumer Price Index, prepared by the National Statistics Institute, cumulative inflation up to May 2010 stood at 2.70%, which means that the price level rose when compared to December 2009.
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