Cumulative inflation during the first eight months of the year reached 4.64%, up from 4.2% compared to the same period last year.
A report by the Central Bank of Nicaragua reads:
The national CPI showed a monthly variation of 0.63 percent in August (-0.50% in the same period in 2010), derived from increases of 0.73 percent in Managua and 0.46 percent in the rest of the country.
The increase in the month of October was 0.47%, which represents the largest monthly increase since May, the month which saw a 0.55%. rise.
According to a report released by the INEC, the five goods and services with the greatest contribution to the increase, two are regulated (water and transportation service) and two are agricultural products, which are closely related to climate conditions that affect supply (tomato and potato), and the fifth is coffee. Negotiated contracts for coffee in international markets have experienced a rise of more than 40% this year. Concerns about bad weather and outbreaks in major suppliers such as Vietnam and Colombia have influenced this increase.
The monthly report by the Foundation for the Development of Guatemala has been released showing the main indicators of the national economy.
Inflation trending down
The Consumer Price Index (CPI) had an annual variation of 4.13% in April 2013, down by 0.14 percentage points compared to April last year (4.27%), while the monthly variation was 0.17%, 0.20 points less than in the same month of 2012 when it was 0.27%.
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