Inflation Guatemala 2008
Average inflation: 11.4%
Current Inflation
Inflation is very high at 11.4%, far above the ECB target.
Peak and Trough
The highest inflation was in July at 14.2%. The lowest inflation was in January at 8.4%.
- Highest month
- July: 14.2%
- Lowest month
- January: 8.4%
- Difference
- 5.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 8.1%. The lowest price increase was in Core inflation with an average of 8.1%.
- Highest increase
- Core inflation: 8.1%
- Lowest increase
- Core inflation: 8.1%
Historical Context
Current inflation is 3.1% higher than the 5-year average of 8.3%. This approaches the highest level since records began (11.4% in 2008).
- 5-year average
- 8.3%
- 10-year average
- 8.3%
- All-time high (2008)
- 11.4%
- All-time low (2006)
- 6.6%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +4.6 percentage point.
- Change vs. previous year
- +4.6 percentage points
- Largest monthly swing
- July: +8.6 percentage points
ECB Target
Inflation is 9.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €111.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 8.4% | +2.2 |
| February | 8.8% | +2.2 |
| March | 9.1% | +2.1 |
| April | 10.4% | +4.0 |
| May | 12.2% | +6.7 |
| June | 13.6% | +8.3 |
| July | 14.2% | +8.6 |
| August | 13.7% | +7.5 |
| September | 12.7% | +5.4 |
| October | 12.9% | +5.2 |
| November | 10.8% | +1.7 |
| December | 9.4% | +0.7 |
| Average | 11.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.