Inflation Guatemala 2024
Average inflation: 2.9%
Current Inflation
Inflation is normal at 2.9%, around the ECB target.
Peak and Trough
The highest inflation was in January at 3.8%. The lowest inflation was in October at 1.2%.
- Highest month
- January: 3.8%
- Lowest month
- October: 1.2%
- Difference
- 2.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 3.6%. The lowest price increase was in Core inflation with an average of 3.6%.
- Highest increase
- Core inflation: 3.6%
- Lowest increase
- Core inflation: 3.6%
Historical Context
Current inflation is 1.8% lower than the 5-year average of 4.7%.
- 5-year average
- 4.7%
- 10-year average
- 4.2%
- All-time high (2008)
- 11.4%
- All-time low (2009)
- 1.9%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +3.4 percentage point.
- Change vs. previous year
- -3.4 percentage points
- Largest monthly swing
- February: -6.6 percentage points
ECB Target
Inflation is 0.9% 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 €102.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 3.8% | -5.9 |
| February | 3.3% | -6.6 |
| March | 3.2% | -5.5 |
| April | 3.4% | -4.9 |
| May | 3.8% | -2.7 |
| June | 3.6% | -1.3 |
| July | 3.8% | -0.7 |
| August | 3.1% | -1.4 |
| September | 2.1% | -2.6 |
| October | 1.2% | -3.8 |
| November | 1.7% | -2.6 |
| December | 1.7% | -2.5 |
| Average | 2.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.