Inflation Guatemala 2021
Average inflation: 4.3%
Current Inflation
Inflation is high at 4.3%, well above the ECB target.
Peak and Trough
The highest inflation was in February at 6.0%. The lowest inflation was in November at 2.9%.
- Highest month
- February: 6.0%
- Lowest month
- November: 2.9%
- Difference
- 3.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 4.8%. The lowest price increase was in Core inflation with an average of 3.0%.
- Highest increase
- Energy: 4.8%
- Lowest increase
- Core inflation: 3.0%
Historical Context
Current inflation is around the 5-year average of 3.9%.
- 5-year average
- 3.9%
- 10-year average
- 3.8%
- All-time high (2008)
- 11.4%
- All-time low (2009)
- 1.9%
Trend
Inflation has remained relatively stable. Compared to 2020, the difference is minimal (+1.1 percentage point).
- Change vs. previous year
- +1.1 percentage points
- Largest monthly swing
- February: +4.8 percentage points
ECB Target
Inflation is 2.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 5.2% | +3.4 |
| February | 6.0% | +4.8 |
| March | 5.8% | +4.0 |
| April | 5.2% | +3.3 |
| May | 5.2% | +3.4 |
| June | 3.9% | +1.5 |
| July | 3.8% | +0.9 |
| August | 3.6% | -0.6 |
| September | 3.7% | -1.3 |
| October | 3.0% | -2.3 |
| November | 2.9% | -2.6 |
| December | 3.1% | -1.7 |
| Average | 4.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.