Nicaragua with highest inflation in the region
Economists calculate that the general rise in prices was between 14.8 and 15.3% at the end of 2008.
Thursday, January 8, 2009
According to laprensa.com.ni, "As of November, according to the most recent data from the BCN, inflation was at 14.04% due mainly to the increase in the price of food and beverages (tomatoes, peppers, potatoes, cabbage, cheese and eggs); home furnishing and maintenance (domestic salary, furniture, detergent and clothing), and other good and services (cigarettes, bath soap, toilet paper)."
Inflation for the first seven months was 4.73%, due to price rises in food, drinks, transport and services.
Nicaragua could finish the year with an inflation rate of more than 20 percent, according to estimates based on figures provided by the Central Bank of Nicaragua. That's more than double official projections.
As of December 2008, the Consumer Price Index grew 0.1%, according to data published by the Central Bank of Honduras.
The country ended 2010 with an inflation of 5.39%, an amount within the planned target set between 4% and 6%.
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