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
same month of 2010 when it reached 0.08%. The annual growth figure slightly exceeded the inflation target set by the Monetary Board in 2011, established at between 4% and 6%.
According to INE, three groups of goods and services showed higher or similar growth to the CPI in 2011: food and beverages (12.08%), housing (5.84%) and transportation(5.97%). In foods, the subgroups with the largest positive changes in prices were tomatos (7.23%), sweet
peppers (20.2%) and beans (16.2%). Meanwhile, nine groups had lower CPI growth in 2011: health (3.37%), communications (0.83%), clothing (2.99%), miscellaneous (2.79%), education (0.91%), alcohol (4.97% ), recreation (2.16%) and restaurants and hotels(4.64%).
Source: Gutemala Development Foundation
More on this topic
January 2011
The Monthly Index of Construction Economic Activity reported positive results in the last quarter of 2010.
The Index posted positive numbers in October 2010 with 0.9%, 3.1% in November and in December it closed at 10%.
Jorge Montenegro, president of the Guatemalan Chamber of Construction, said, according to the article published by Prensalibre.com: "We hope it is the beginning of an upturn for the industry and that should restore confidence in investment in the country."
March 2011
The sector grew 3.3%, boosted by private and state investments.
For the first time in 5 years, the figures presented by the Central Bank showed a recovery in the real estate industry, one of the worst-hit by the global economic crisis.
Mario Zelaya, president of the Nicaraguan Construction Chamber, told newspaper La Prensa that they believe this recovery to be sustainable and not temporary.
October 2009
In August, the sector reported the softest year over year drop so far 2009: 9.4% when compared to August 2008.
The Monthly Construction Economic Activity Index (Imacon), prepared by the Construction Chamber (CGC), shows that the sector's decline is slowing down, after dropping 26.1% in May.
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%).
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