Current inflation Guatemala 1.7%
December 2024
Current Inflation
Inflation is normal at 2.9%, around the ECB target.
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.
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 GTQ 100 this year will cost approximately GTQ 102.90 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 2.9%
- Last year
- 6.3%
- 5-year average
- 2.9%
- All-time high (2008)
- 11.4%