Guatemala Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Guatemala inflation rate for 2023 was 6.21%, a 0.68% decline from 2022.
  • Guatemala inflation rate for 2022 was 6.89%, a 2.62% increase from 2021.
  • Guatemala inflation rate for 2021 was 4.26%, a 1.05% increase from 2020.
  • Guatemala inflation rate for 2020 was 3.21%, a 0.49% decline from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 221.34%
Turkey 53.86%
Iran 44.58%
Kazakhstan 14.73%
Serbia 12.37%
Colombia 11.74%
Romania 10.40%
Bulgaria 9.44%
North Macedonia 9.36%
Algeria 9.32%
Azerbaijan 8.79%
Montenegro 8.58%
Samoa 8.12%
Mauritius 7.05%
Jamaica 6.47%
Peru 6.46%
Tonga 6.35%
Guatemala 6.21%
South Africa 6.07%
Namibia 5.88%
Mexico 5.53%
Botswana 5.07%
Belarus 5.00%
Dominican Republic 4.79%
Paraguay 4.63%
Brazil 4.59%
St. Vincent and the Grenadines 4.56%
Belize 4.39%
St. Lucia 4.07%
Gabon 3.63%
Dominica 3.48%
Maldives 2.93%
Guyana 2.82%
Grenada 2.70%
Malaysia 2.49%
Libya 2.37%
Ecuador 2.22%
Jordan 2.08%
Armenia 1.98%
Thailand 1.23%
Costa Rica 0.53%
China 0.23%
Guatemala Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2023 6.21% -0.68%
2022 6.89% 2.62%
2021 4.26% 1.05%
2020 3.21% -0.49%
2019 3.70% -0.05%
2018 3.75% -0.67%
2017 4.42% -0.02%
2016 4.45% 2.06%
2015 2.39% -1.03%
2014 3.42% -0.93%
2013 4.34% 0.56%
2012 3.78% -2.43%
2011 6.21% 2.35%
2010 3.86% 2.00%
2009 1.86% -9.50%
2008 11.36% 4.53%
2007 6.82% 0.26%
2006 6.56% -2.55%
2005 9.11% 1.53%
2004 7.58% 1.98%
2003 5.60% -2.53%
2002 8.13% 0.85%
2001 7.29% 1.31%
2000 5.98% 0.76%
1999 5.21% -1.40%
1998 6.61% -2.62%
1997 9.23% -1.82%
1996 11.06% 2.65%
1995 8.41% -2.44%
1994 10.86% -0.96%
1993 11.82% 1.77%
1992 10.05% -23.12%
1991 33.17% -8.06%
1990 41.22% 29.83%
1989 11.39% 0.55%
1988 10.83% -1.49%
1987 12.32% -24.61%
1986 36.93% 18.24%
1985 18.69% 15.28%
1984 3.41% -1.13%
1983 4.54% 4.23%
1982 0.31% -11.13%
1981 11.43% 0.61%
1980 10.82% -0.52%
1979 11.34% 3.06%
1978 8.29% -4.04%
1977 12.32% 1.60%
1976 10.73% -2.43%
1975 13.16% -3.34%
1974 16.49% 2.70%
1973 13.80% 13.27%
1972 0.53% 0.98%
1971 -0.45% -2.80%
1970 2.34% 0.25%
1969 2.10% 0.17%
1968 1.93% 1.44%
1967 0.49% -0.20%
1966 0.68% 1.48%
1965 -0.80% -0.61%
1964 -0.19% -0.35%
1963 0.15% -1.90%
1962 2.05% 2.61%
1961 -0.55% 0.64%
1960 -1.19% 0.64%