Development of inflation rates in Guatemala
The inflation rate for consumer prices in Guatemala moved over the past 40 years between 0.3% and 41.2%. For 2019, an inflation rate of 3.7% was calculated.
During the observation period from 1979 to 2019, the average inflation rate was 9.8%
per year. Overall, the price increase was 3,613.99 %. An item that cost 100 Quetzal in 1979 was so charged 3,713.99 Quetzal in the beginning of 2020.
In only a very few countries, the price increase is that high. The rate of 41.2% in 1990 means, that compared to the previous year all prices have been increased by an average of 41.2%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Guatemala