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%). In December 2011 the CPI showed a monthly variation of 0.22%, 0.14 percentage points higher than in the same month of 2010 when it reached 0.08%. The annual growth figure slightly exceeded the inflation target by the Monetary Board in 2011, established between 4% and 6%.
Oil Prices
The national market prices are determined in part by international oil prices. The average international price of oil in December was U.S. $98.58 per barrel, higher by 10.5% than in December last year. Compared to November, this price represents an increase of 1.5%.
The IMAE continues to show downward trend
According to the latest estimate published in January by the BANGUAT for the month of November 2011, the IMAE recorded a growth rate of 3.64% compared to November last year, showing a negative trend for the sixth consecutive month since last May when there was a variation of 4%.
External Sector
Foreign exchange income from family remittances closed 2011 with a record high, accumulating U.S. $4.378 million up to December 31, representing an increase of 8.6% compared to December 2010. Remittance income in December was U.S. $378.5 million, U.S. $35 million more than it received in November. The cumulative figure for 2011 is higher than the previous historical figure, achieved in 2008, when $4.315 million was received.
More on this topic
March 2012
Fundesa has released its monthly report of the main indicators of the national economy: inflation, oil, IMAE, external sector, exports, foreign exchange, and tax revenue.
Inflation
In February 2012 the Consumer Price Index (CPI) showed a variation of 5.17%, 0.07 percentage points lower than in February last year (5.24%).
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.
December 2011
Monthly report from the Foundation for Development on the main indicators of the Guatemalan economy.
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.
January 2012
A monthly report has been released giving the main indicators of the national economy: inflation, oil, IMAE, external sector, exports, foreign exchange, tax revenue.
The Consumer Price Index (CPI) registered an annual variation of 6.20% in December 2011, 0.81 percentage points higher than in the previous year (5.39%). In December 2011 the CPI showed a monthly variation of 0.22%, 0.14 percentage points higher than in the
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