Macroeconomic Forecast Guyana

October 2006 | Macroeconomic Forecasts

After two months of deflation, headline consumer price inflation (CPI) picked up again slightly in June, increasing by 8.2% y-o-y (up from 8.0% y-o-y in May). Prices for housing (including fuel and power) and transportation & communication saw the fastest accelerations in CPI, as both categories increased by more than 11.0%. Considering that high oil and gas prices were the main contributors to the rises in CPI, inflationary readings will probably come in on the high side for the summer months. Yet, due to declining oil prices in September, inflationary pressures could slow during the fourth quarter, and therefore CPI

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