Average inflation measured by CPI rose 10.0% to 3.90% in Guatemala in 2020, according to the National Statistical Office.
Historically, average inflation measured by CPI in Guatemala reached an all time high of 3.90% in 2020 and an all time low of -0.012% in 1960. When compared to Guatemala's main peers, average inflation measured by CPI in Belize amounted to 1.78%, 2.00% in El Salvador, 4.00% in Honduras and 7.14% in Nicaragua in 2020.
Guatemala has been ranked 66th within the group of 171 countries we follow in terms of average inflation measured by CPI, 21 places above the position seen 10 years ago.
| Inflation, CPI (Average) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Belize | % | 1.11% | 1.30% | 1.86% | 1.78% | 1.50% | ||||||||||||||||
| Costa Rica | % | 0.016% | 0.022% | 0.021% | 3.00% | 3.00% | ||||||||||||||||
| El Salvador | % | 0.010% | 0.011% | < 0.001% | 2.00% | 2.00% | ||||||||||||||||
| Guatemala | % | 0.044% | 0.038% | 0.037% | 3.90% | 3.90% | ||||||||||||||||
| Honduras | % | 0.039% | 0.043% | 0.044% | 4.00% | 4.00% | ||||||||||||||||
| Mexico | % | 0.060% | 0.049% | 0.036% | 3.01% | 3.00% | ||||||||||||||||
| Nicaragua | % | 0.039% | 0.049% | 0.054% | 7.14% | 7.05% | ||||||||||||||||
| USA | % | 0.021% | 0.024% | 0.018% | 2.30% | 2.19% |
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