Guatemala: Inflation comes in at joint-highest in seven months in July
Inflation came in at 3.8% in July, which was up from June’s 3.6%. July’s figure was the joint-highest inflation rate since December 2023. Looking at the details of the release, a jump in price pressures for food and alcoholic beverages outweighed falling prices for housing and utilities.
Meanwhile, the trend was unchanged, with annual average inflation coming in at June’s 4.0% in July.
Finally, consumer prices increased 0.86% from the previous month in July, picking up from June’s 0.16% increase. July’s figure was the highest reading since October 2023.