Inflation Guatemala 2022
Average inflation: 6.9%
Current Inflation
Inflation is very high at 6.9%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 9.7%. The lowest inflation was in January at 2.9%.
- Highest month
- October: 9.7%
- Lowest month
- January: 2.9%
- Difference
- 6.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 4.7%. The lowest price increase was in Core inflation with an average of 4.3%.
- Highest increase
- Energy: 4.7%
- Lowest increase
- Core inflation: 4.3%
Historical Context
Current inflation is 2.5% higher than the 5-year average of 4.4%.
- 5-year average
- 4.4%
- 10-year average
- 4.1%
- All-time high (2008)
- 11.4%
- All-time low (2009)
- 1.9%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +2.6 percentage point.
- Change vs. previous year
- +2.6 percentage points
- Largest monthly swing
- October: +6.7 percentage points
ECB Target
Inflation is 4.9% 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 €106.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 2.9% | -2.3 |
| February | 3.0% | -3.0 |
| March | 4.2% | -1.6 |
| April | 4.6% | -0.6 |
| May | 5.8% | +0.6 |
| June | 7.6% | +3.7 |
| July | 8.4% | +4.6 |
| August | 8.9% | +5.3 |
| September | 9.0% | +5.3 |
| October | 9.7% | +6.7 |
| November | 9.2% | +6.3 |
| December | 9.2% | +6.1 |
| Average | 6.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.