Macroeconomic Forecast Guyana

The latest data release from Guyana's central bank shows a 3.2% y-o-y change in consumer price inflation (CPI) for March, on the back of 3.9% and 0.2% changes for February and January respectively. From a month-on-month perspective, CPI contracted by 0.3% in March following a 1.1% increase in February. Although the country's inflation reading appear to be quite volatile, we believe that stronger economic activity will place upside pressure on prices over the coming months, with CPI hitting our 5.0% forecast by end-2010.

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