Guatemala: Inflation approaches Banguat target midpoint in February
Consumer prices fell 0.20% from a month earlier in February, moderating from January’s 0.40% month-on-month decline. February’s reading was driven largely by a fall in food prices, especially tomatoes and onions. On the other hand, electricity prices rose marginally.
Inflation eased to 4.2% in February from 4.7% a month earlier. As a result, inflation approached the midpoint of Banguat’s target range of 4.0% plus/minus 1.0 percentage point. Furthermore, annual average inflation was stable from a month earlier at 4.5%.