Honduras: 4% Inflation up to February 2020

During the second month of the year, the Consumer Price Index registered a 3.99% year-on-year variation, a rise that was determined in part by the behavior of the prices of education services, hotels and restaurants.

Thursday, March 5, 2020

From the Central Bank of Honduras report:

The monthly behavior of the CPI was determined by the contribution of the item "Education" with 0.51 percentage points (pp), together with the items "Recreation and Culture" and "Hotels, Cafes and Restaurants" with 0.04 pp, each. On the contrary, "Transportation" contributed -0.18 pp to the monthly inflation.

Additionally, increases were registered in the price indexes of the following headings: "Alcoholic Beverages and Tobacco" with 1.17%; "Furniture and Home Preservation Articles" with 0.20%; "Clothing and Footwear" with 0.13%; "Personal Care" with 0.12%; "Health" with 0.10%; "Housing, Water, Electricity, Gas and Other Fuels" with 0.03%.

In February 2020, consumer prices increased in all regions represented in the CPI, except the Rest of the Central region, which reflected a fall of -0.12%. On the other hand, the greatest variation was registered in the Central Metropolitan region (0.97%), followed by the South (0.42%), North Metropolitan (0.33%) and East (0.22%); and in a lesser proportion the price indexes in the Western and Rest of the North regions increased with 0.03%, each one.

See full report (in Spanish).

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After the inflationary rhythm went from 3.8% to 4.1% between November and December 2019, during January 2020 the year-on-year CPI was 4.3%.

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During the ninth month of the year, the CPI registered a 4.4% variation with respect to September 2018, being health services and housing rentals, the items that registered the most important increases.

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During the first month of the year, the rise in the consumer price index was caused by the behavior of the Water and Electricity Supply and Rental Divisions.

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During the third month of the year, the CPI recorded a monthly variation of 0.14%, mainly explained by the prices of accommodation, water, electricity and gas, and restaurants and hotels.

From a report by the Central Bank of Nicaragua:

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