Inflation Rises due to Fuel Prices

The IDB warned that the increase in fuel and food prices may trigger inflation across Central America.

Friday, March 18, 2011

All Central American countries registered increases in the price of oil, surpassing $ 4.30 per gallon of 95 octane fuel. These levels are similar to those experienced during the international crisis of 2008.

Analysts agree that oil prices will continue to rise as a result of political instability in the Middle East and internal factors in the oil industry, which faces rising costs and refinement problems.

Juan Carlos Sosa, Venezuelan oil expert, told, "That makes the barrels available very precious and Central America, which is clearly importing must opt for the same shipments industrialized countries are bidding for, making it uneven because they don´t have the same financial capability.”

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Honduras: Annual Inflation to June Rises to 6.23%

July 2014

In June prices rose by 0.44%, with the divisions of food and non-alcoholic beverages, housing, water and electricity increasing the most.

From a press release issued by the Central Bank of Honduras (BCN):

In June 2014, the monthly inflation measured through the Consumer Price Index, CPI, was 0.44%, similar to that observed in the same month in 2013 (0.43%). Cumulative inflation was 4.35% and yoy was 6.23% .

Nicaragua's Fuel Bill Increases 80.7%

April 2011

In the first two months of the year, imports totaled $197.1 million, 80.7% more than in the same period of 2010.

The increase in the price of fuel will affect companies' transport costs and these in turn will impact product prices in a kind of domino effect.

Crude oil imports rose 4% in volume terms but in economic terms this equates to $200 million, 80% more than the amount purchased in the same period last year, since the price of a barrel has gone up to $90, according to a report from the Nicaraguan central bank (BCN).

Nicaragua: $ 380 Million for Rural Power

October 2010

The country will receive a grant from the EU for $ 9.8 million and loans from international bodies for electrification projects.

Mendel Goldstein, Head of Delegation of the European Commission (EC) for Central America and Panama, announced a $ 9.8 million donation of as part of the Easy Investment in Latin America program.

Aid offered in food crisis

May 2008

The Inter-American Development Bank on Tuesday announced a $500 million line of credit for Central America in hopes of heading off food-price unrest.

Trying to get ahead of potential unrest because of rising food and energy prices, the Inter-American Development Bank on Tuesday announced a new $500 million line of credit for six Central American nations and the Dominican Republic.

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