Period

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

January

7.37

4.89

5.27

6.58

6.37

4.04

6.52

6.25

1.58

3.44

4.64

3.76

3.44

3.16

3.15

3.21

2.67

2.94

2.56

2.69

3.29

5.24

3.76

February

7.68

4.58

5.34

6.30

6.10

4.32

6.75

5.42

1.97

3.78

4.40

3.89

3.23

3.21

3.20

3.15

2.62

2.98

2.41

2.71

3.37

5.36

3.71

March

7.69

4.53

5.47

6.26

5.98

4.51

6.89

4.71

2.39

3.84

4.25

3.90

3.17

3.12

3.28

3.13

2.67

2.89

2.45

2.79

3.47

5.08

3.65

April

7.73

4.63

5.32

6.37

5.91

4.48

7.51

3.89

2.66

4.15

4.11

3.80

3.14

3.15

3.23

3.07

2.62

2.98

2.35

2.84

3.71

4.99

3.63

May

7.52

4.80

5.35

6.51

5.53

4.28

8.39

3.18

2.57

4.56

3.98

3.83

3.04

3.20

3.31

2.94

2.63

3.00

2.28

2.89

4.12

4.69

3.67

June

7.24

4.88

5.36

6.68

5.31

4.30

9.09

2.30

2.42

4.70

3.85

3.92

2.93

3.25

3.23

2.97

2.60

3.05

2.13

3.05

4.34

4.32

3.61

July

6.95

4.81

5.44

6.87

5.11

4.46

9.43

1.65

2.42

5.18

3.56

3.85

2.99

3.30

3.21

2.89

2.63

3.15

2.03

3.09

4.60

4.21

3.66

August

6.38

4.61

5.62

6.79

4.96

4.86

9.27

1.21

2.60

5.40

3.53

3.65

3.14

3.24

3.09

2.77

2.79

3.10

2.06

3.18

4.85

4.19

September

6.13

4.63

5.89

6.80

4.56

5.11

9.09

1.28

2.54

5.38

3.66

3.52

3.20

3.15

3.00

2.86

2.82

2.95

2.10

3.30

4.92

4.17

October

5.81

4.68

6.23

7.09

3.86

5.29

9.12

0.86

2.81

5.27

3.74

3.48

3.24

3.14

3.04

2.91

2.86

3.01

2.21

3.17

5.09

4.12

November

5.64

4.69

6.53

6.91

3.74

6.07

8.25

0.84

2.76

5.46

3.73

3.58

3.15

3.09

2.92

2.94

3.08

2.26

3.11

5.03

4.05

December

5.50

4.76

6.67

3.99

6.42

7.28

0.94

3.06

5.27

3.73

3.56

3.19

3.16

3.09

2.92

2.96

3.12

2.33

3.20

5.04

3.87

^1/As of January 2017, it corresponds to a weighted average of eight underlying inflation methodologies, both fixed and variable exclusion. In order to strengthen its informational and predictive capacity, starting with the results of January 2021, the moving average of inflation began to be used for some calculation methodologies that presented excessive volatility; likewise, a new recalibration of the weightings of the referred methodologies was carried out. For further reference see the section "Review of the Monetary, Exchange Rate and Credit Policy" of the Evaluation of the Monetary, Exchange Rate and Credit Policy, as of November 2020, and Economic Outlook for 2021.

Source: National Statistics Institute and Bank of Guatemala.

YEAR TO YEAR CORE INFLATION RATE ^1/
PERIOD 2002 - 2024

Period	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
January	7.37	4.89	5.27	6.58	6.37	4.04	6.52	6.25	1.58	3.44	4.64	3.76	3.44	3.16	3.15	3.21	2.67	2.94	2.56	2.69	3.29	5.24	3.76
February	7.68	4.58	5.34	6.30	6.10	4.32	6.75	5.42	1.97	3.78	4.40	3.89	3.23	3.21	3.20	3.15	2.62	2.98	2.41	2.71	3.37	5.36	3.71
March	7.69	4.53	5.47	6.26	5.98	4.51	6.89	4.71	2.39	3.84	4.25	3.90	3.17	3.12	3.28	3.13	2.67	2.89	2.45	2.79	3.47	5.08	3.65
April	7.73	4.63	5.32	6.37	5.91	4.48	7.51	3.89	2.66	4.15	4.11	3.80	3.14	3.15	3.23	3.07	2.62	2.98	2.35	2.84	3.71	4.99	3.63
May	7.52	4.80	5.35	6.51	5.53	4.28	8.39	3.18	2.57	4.56	3.98	3.83	3.04	3.20	3.31	2.94	2.63	3.00	2.28	2.89	4.12	4.69	3.67
June	7.24	4.88	5.36	6.68	5.31	4.30	9.09	2.30	2.42	4.70	3.85	3.92	2.93	3.25	3.23	2.97	2.60	3.05	2.13	3.05	4.34	4.32	3.61
July	6.95	4.81	5.44	6.87	5.11	4.46	9.43	1.65	2.42	5.18	3.56	3.85	2.99	3.30	3.21	2.89	2.63	3.15	2.03	3.09	4.60	4.21	3.66
August	6.38	4.61	5.62	6.79	4.96	4.86	9.27	1.21	2.60	5.40	3.53	3.65	3.14	3.24	3.09	2.77	2.79	3.10	2.06	3.18	4.85	4.19
September	6.13	4.63	5.89	6.80	4.56	5.11	9.09	1.28	2.54	5.38	3.66	3.52	3.20	3.15	3.00	2.86	2.82	2.95	2.10	3.30	4.92	4.17
October	5.81	4.68	6.23	7.09	3.86	5.29	9.12	0.86	2.81	5.27	3.74	3.48	3.24	3.14	3.04	2.91	2.86	3.01	2.21	3.17	5.09	4.12
November	5.64	4.69	6.53	6.91	3.74	6.07	8.25	0.84	2.76	5.46	3.73	3.58	3.15	3.15	3.09	2.92	2.94	3.08	2.26	3.11	5.03	4.05
December	5.50	4.76	6.67	6.67	3.99	6.42	7.28	0.94	3.06	5.27	3.73	3.56	3.19	3.16	3.09	2.92	2.96	3.12	2.33	3.20	5.04	3.87

^1/As of January 2017, it corresponds to a weighted average of eight underlying inflation methodologies, both fixed and variable exclusion. In order to strengthen its informational and predictive capacity, starting with the results of January 2021, the moving average of inflation began to be used for some calculation methodologies that presented excessive volatility; likewise, a new recalibration of the weightings of the referred methodologies was carried out. For further reference see the section "Review of the Monetary, Exchange Rate and Credit Policy" of the Evaluation of the Monetary, Exchange Rate and Credit Policy, as of November 2020, and Economic Outlook for 2021.
Source: National Statistics Institute and Bank of Guatemala.