The effects of international inflation are being felt in Guatemala, where prices have been showing a a clear upward trend for a few months.
According to the National Institute of Statistics, in the last twelve months inflation has risen 6.39%, exceeding the range of 4% to 6% inflation target set by the Banco de Guatemala (Banguat).
If prices continue to grow outside the Banguat’s target range, the entity may find it necessary to raise the monetary policy rate, in an attempt to influence the economy’s interest rate structure.
A report by Lorena Alvarez, for in Elperiodico.com.gt, said: "The Monetary Board (JM) intends to revise the lead rate of the anti-inflationary policy, currently set at 4.75 percent, on 29 June. Suarez said that if inflation expectations are affected long term they rate could be increased in order to influence it. "
Source: elperiodico.com.gt
More on this topic
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.
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
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%).
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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