Figures for the Guatemalan Economy in July 2012

An analysis from the Development Foundation of Guatemala reveal the main economic indicators affecting the activity in the country and the world during July.

Tuesday, August 14, 2012

MAIN VARIABLES AFFECTING DOMESTIC PRICES

Inflation continues to fall in July

During the first seven months of the year (until July 31), the country accumulated inflation of 1.91%. In terms of percentage changes, the Consumer Price Index (CPI) showed a variation of 2.86%, 4.18 percentage points lower than in July last year (7.04%), continuing the downward trend that began in January. Meanwhile, the monthly variation was 0.35%, 0.60 percentage points lower than in the same month of 2011 when it reached 0.95%. The amount of annual variation is within the range of the inflation target set by the Monetary Board in 2012, established at between 3.5% and 5.5%.

According to the INE report, the inflation level reached in July is explained mostly by variations in the divisions of expenditure for food, transportation and miscellaneous goods, which had a variation of 0.67%, 0.63% and 0.52% , respectively. Moreover, of the twelve divisions that make up the CPI, the division of housing costs registered a decline of 0.28%, influenced by the fall in the price of propane gas.

Oil price resumes upward trend

Prices in the domestic market are determined in part by international oil prices. The international average price of oil in July was $87.93 per barrel, marking an upward trend in the previous month of 6.7%, although a decrease of 9.7% compared to the same month in 2011. Throughout the month of August, until 10 August, the price rose to $93.40 a barrel.

More on this topic

Economy of Guatemala to September 2012

September 2012

The monthly report by the Foundation for the Development of Guatemala has been released, with the main indicators of the national economy.

Inflation Continues to Fall in August

During the first seven months of the year (January-August), the country accumulated inflation of 2.36%, while the interannual variation of the Consumer Price Index (CPI) showed a variation of 2.71%, down 4.92 percentage points compared to August last year (7.63%), continuing the downward trend that began in January.

Guatemala: Economic Bulletin for December 2012

December 2012

Fundesa has released its monthly report on the main indicators of the national economy: inflation, oil, IMAE, external sector, exports, exchange rate, and fiscal revenues.

Inflation up slightly in October

During the first eleven months of the year (January-November), the country accumulated inflation of 2.89%, while the annual variation* the Consumer Price Index (CPI) was recorded at 3.11%, down 2.94 percentage points compared to November last year (6.05%), reversing the upward trend of the past two months. Meanwhile, the monthly variation decreased by -0.01%, 0.23 percentage points lower than in the same month of 2011 when it reached 0.22%. The annual variation figure is below the target range of the inflation set by the Monetary Board for 2012, at between 3.5% and 5.5%.

Economy of Guatemala in June 2012

June 2012

A monthly report by the Development Foundation of Guatemala has been released, showing the main indicators of the national economy.

MAIN VARIABLES AFFECTING DOMESTIC PRICES

Inflation continues to fall in May
In May 2012 the Consumer Price Index (CPI) showed a variation of 3.90%, 2.49 percentage points lower than in May last year (6.39%), continuing the downward trend that began in January 2012.

Guatemala: Economic Bulletin May 2012

May 2012

Fundesa has released its monthly report on the main indicators of the national economy: inflation, oil, IMAE, external sector, exports, foreign exchange, and tax revenue.

Inflation continues to fall in April

In April 2012 the Consumer Price Index (CPI) showed a variation of 4.27%, 1.49 percentage points less than in April last year (5.76%), continuing the downward trend that began in January 2012.

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