Guatemala - Inflation, consumer prices (annual %) 1960 - 2022
Guatemala's inflation, consumer prices (annual %) is currently 6.89%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Guatemala's inflation, consumer prices (annual %) for 2022 was 6.885%, a 61.58% increase from 2021, with a +2 difference.
- In 2021 it was 4.261%, a 32.56% increase from 2020, with a +1 difference.
- In 2020 it was 3.214%, a -13.12% increase from 2019.
- In 2019 it was 3.7%, a -1.38% increase from 2018.
- In 2018 it was 3.752%, a -15.20% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Guatemala is currently 7.7221% (average of years with recorded data) with a lowest recorded value of -1.1907% in 1960 and a highest value of 41.2219% in 1990.
Guatemala's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1960 | -1.191% | |
| 1961 | -0.553% | 53.53% |
| 1962 | 2.053% | 470.94% |
| 1963 | 0.151% | -92.62% |
| 1964 | -0.194% | -227.81% |
| 1965 | -0.8% | -313.30% |
| 1966 | 0.684% | 185.53% |
| 1967 | 0.485% | -29.06% |
| 1968 | 1.926% | 296.82% |
| 1969 | 2.097% | 8.87% |
| 1970 | 2.344% | 11.78% |
| 1971 | -0.454% | -119.35% |
| 1972 | 0.53% | 216.78% |
| 1973 | 13.796% | 2,504.48% |
| 1974 | 16.495% | 19.56% |
| 1975 | 13.159% | -20.22% |
| 1976 | 10.725% | -18.50% |
| 1977 | 12.325% | 14.91% |
| 1978 | 8.288% | -32.75% |
| 1979 | 11.343% | 36.87% |
| 1980 | 10.824% | -4.58% |
| 1981 | 11.433% | 5.63% |
| 1982 | 0.307% | -97.31% |
| 1983 | 4.539% | 1,376.54% |
| 1984 | 3.407% | -24.94% |
| 1985 | 18.687% | 448.52% |
| 1986 | 36.931% | 97.63% |
| 1987 | 12.323% | -66.63% |
| 1988 | 10.833% | -12.10% |
| 1989 | 11.387% | 5.12% |
| 1990 | 41.222% | 262.00% |
| 1991 | 33.166% | -19.54% |
| 1992 | 10.046% | -69.71% |
| 1993 | 11.82% | 17.66% |
| 1994 | 10.855% | -8.16% |
| 1995 | 8.411% | -22.51% |
| 1996 | 11.057% | 31.45% |
| 1997 | 9.233% | -16.50% |
| 1998 | 6.613% | -28.37% |
| 1999 | 5.214% | -21.17% |
| 2000 | 5.978% | 14.65% |
| 2001 | 7.286% | 21.89% |
| 2002 | 8.133% | 11.62% |
| 2003 | 5.603% | -31.10% |
| 2004 | 7.579% | 35.25% |
| 2005 | 9.109% | 20.19% |
| 2006 | 6.561% | -27.97% |
| 2007 | 6.822% | 3.97% |
| 2008 | 11.356% | 66.47% |
| 2009 | 1.859% | -83.63% |
| 2010 | 3.86% | 107.60% |
| 2011 | 6.214% | 61.01% |
| 2012 | 3.782% | -39.14% |
| 2013 | 4.343% | 14.85% |
| 2014 | 3.418% | -21.30% |
| 2015 | 2.389% | -30.12% |
| 2016 | 4.448% | 86.23% |
| 2017 | 4.425% | -0.54% |
| 2018 | 3.752% | -15.20% |
| 2019 | 3.7% | -1.38% |
| 2020 | 3.214% | -13.12% |
| 2021 | 4.261% | 32.56% |
| 2022 | 6.885% | 61.58% |
Expand
Comparison with Countries in the Latin America & Caribbean Region.
Among countries in the same World Bank Latin America & Caribbean (LAC) region, Guatemala comes in 18th with 6.885% inflation, consumer prices (annual %).
- Within the same region, Paraguay comes in 8th with 9.766%, inflation, consumer prices (annual %).
- Brazil comes in 9th with 9.28%.
- Uruguay comes in 10th with 9.104%.
- Honduras comes in 11th with 9.09%.
- Dominican Republic comes in 12th with 8.811%.
- Peru comes in 13th with 8.334%.
- Costa Rica comes in 14th with 8.275%.
- Mexico comes in 15th with 7.896%.
- Antigua and Barbuda comes in 16th with 7.531%.
- El Salvador comes in 17th with 7.199%.
- St. Lucia comes in 19th with 6.378%.
- St. Vincent and the Grenadines comes in 20th with 5.66%.
- Bahamas, The comes in 21st with 5.605%.
- Guyana comes in 22nd with 5.033%.
- Aruba comes in 23rd with 4.257%.
- Barbados comes in 24th with 4.1%.
- Ecuador comes in 25th with 3.466%.
- Belize comes in 26th with 3.236%.
- Panama comes in 27th with 2.857%.
- And St. Kitts and Nevis comes in 28th with 2.667%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Latin America & Caribbean Region.
Top 10 Countries in the Latin America & Caribbean Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.95% | 2016 |
| 2 | Suriname | 52.45% | 2022 |
| 3 | Haiti | 33.98% | 2022 |
| 4 | Chile | 11.64% | 2022 |
| 5 | Nicaragua | 10.47% | 2022 |
| 6 | Jamaica | 10.35% | 2022 |
| 7 | Colombia | 10.18% | 2022 |
| 8 | Paraguay | 9.77% | 2022 |
| 9 | Brazil | 9.28% | 2022 |
| 10 | Uruguay | 9.10% | 2022 |
Comparison with Countries in the Upper middle income Group.
Among countries in the same World Bank Upper middle income (UMI) group, Guatemala comes in 30th with 6.885% inflation, consumer prices (annual %).
- Within the same income group, Paraguay comes in 20th with 9.766%, inflation, consumer prices (annual %).
- Brazil comes in 21st with 9.28%.
- Dominican Republic comes in 22nd with 8.811%.
- Armenia comes in 23rd with 8.641%.
- Peru comes in 24th with 8.334%.
- Costa Rica comes in 25th with 8.275%.
- Kazakhstan comes in 26th with 8.042%.
- Mexico comes in 27th with 7.896%.
- El Salvador comes in 28th with 7.199%.
- South Africa comes in 29th with 7.04%.
- Albania comes in 31st with 6.725%.
- Russian Federation comes in 32nd with 6.694%.
- St. Lucia comes in 33rd with 6.378%.
- Namibia comes in 34th with 6.081%.
- Thailand comes in 35th with 6.077%.
- St. Vincent and the Grenadines comes in 36th with 5.66%.
- Iraq comes in 37th with 4.995%.
- Equatorial Guinea comes in 38th with 4.787%.
- Fiji comes in 39th with 4.52%.
- And Gabon comes in 40th with 4.231%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Upper middle income Group.
Top 14 Countries in the Upper middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.949% | 2016 |
| 2 | Turkiye | 72.309% | 2022 |
| 3 | Suriname | 52.446% | 2022 |
| 4 | Moldova | 28.737% | 2022 |
| 5 | Bulgaria | 15.325% | 2022 |
| 6 | Belarus | 15.210% | 2022 |
| 7 | North Macedonia | 14.205% | 2022 |
| 8 | Bosnia and Herzegovina | 14.021% | 2022 |
| 9 | Azerbaijan | 13.852% | 2022 |
| 10 | Montenegro | 13.040% | 2022 |
| 11 | Palau | 12.353% | 2022 |
| 12 | Serbia | 11.982% | 2022 |
| 13 | Georgia | 11.898% | 2022 |
| 14 | Botswana | 11.666% | 2022 |