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.
Oil Prices
The average international oil price in October was $86.43 per barrel, similar to the average price in September ($85.61) and August ($86.34).
IMAE
According to the latest estimate published in October by BANGUAT, corresponding to September 2011, the IMAE recorded a growth rate of 3.67% compared to the previous month, showing a negative trend for the fourth consecutive month since last May when there was a variation of 3.84%.
External Sector
Foreign exchange earnings in workers' remittances during the month of October 2011 totaled $357.8 million, representing an increase of 5% compared to October 2010, which means that families that receive remittances in the country received $17.4 million more.
Evolution of Exports During the First Ten Months of the Year
Between January and October 2011 foreign exchange earnings from exports totaled $5575.4 million, which represents 21% more than was recorded in the same period in 2010.
Changes in Tax Revenue Between January and October 2011
During the first ten months of 2011 Q36,721 million was raised, up 17.4% more than in the same period last year, equivalent to an increase of Q5, 294 million.
Draft General State Revenues and Expenditures Budget 2012
The main source of funding for 2012 will be tax revenues, representing 73% of the total. Revenues are expected to increase 12.4% compared to the previous year.
Source: CentralAmericaData.COM
More on this topic
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.
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 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%).
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%).
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