Latest reading: Inflation edged down to 1.9% in June, which followed May’s 2.1%. June’s reading represented the weakest inflation rate...
Inflation in Guatemala
Consumer price inflation in Guatemala averaged 4.1% in the ten years to 2024, in line with the Central America and Caribbean regional average of 3.2%. The 2024 average figure was 2.9%. For more information on inflation, visit our dedicated page.
Guatemala Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Guatemala from 2024 to 2021.
Source: Macrobond.
Guatemala Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.2 | 4.3 | 6.9 | 6.2 | 2.9 |
| Inflation (CPI, ann. var. %, eop) | 4.8 | 3.1 | 9.2 | 4.2 | 1.7 |
| Inflation (Core, ann. var. %, eop) | -25.3 | 37.3 | 57.5 | -23.2 | -3.6 |
Inflation ticks up in June
Latest reading: Inflation rose from May’s 1.7% to 1.8% in June. The result was driven by a faster rise in housing and utility costs plus a slower fall in transport costs. That said, price pressures for food plus clothing and footwear moderated. The trend pointed down slightly, with annual average inflation coming in at 2.0% in June (May: 2.1%). Finally, consumer prices increased 0.25% over the previous month in June, mirroring May's reading.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Guatemalan inflation projections for the next ten years from a panel of 14 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Guatemalan inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Guatemalan inflation projections.
Want to get access to the full dataset of Guatemalan inflation forecasts? Send an email to info@focus-economics.com.
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