Inflation in Nicaragua Keeps Rising

After the country's Consumer Price Index rose to 3.3% in February 2019, it went up to 5.1% in March and 5.8% in April.

Tuesday, May 7, 2019

Year-on-year inflation was 5.77%, 0.95% higher than in April 2018, while core year-on-year inflation was 6.30%, reported the Central Bank of Nicaragua (BCN).

The NCB document explains that "... The division of Alcoholic Beverages and Tobacco registered a 10.0 percent variation and contributed 0.147 percentage points. In this result, for its marginal contributions, the variations of cigarette (12.44%), beer (4.34%) and rum (6.44%) were highlighted, with a joint contribution of 0.147 percentage points.

On the other hand, the division of Goods and diverse services registered a 2.42 percent variation, with a contribution of 0.170 percentage points, because of the increase in the price of toilet paper (4.26%), bath soap (5.99%), razor (5.43%), deodorant (3.57%) and toothpaste (3.29%) with a joint contribution of 0.111 percentage points.

The Food and non-alcoholic beverages division registered a 0.45 % variation, with a contribution of 0.155 percentage points, due to the increase in the prices of orange (23.03%), lemon (21.11%) and cheese (2.34%), with a joint contribution of 0.201 percentage points. However, price decreases were observed in tomato (-12.81%), potato (-11.97%), cabbage (-19.57%) and peppers (-7.31%), with a negative contribution of 0.171 percentage points.
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More on this topic

Nicaragua: Inflation Keeps Accelerating

June 2019

In May, the CPI rose 6%, reinforcing the upward trend that has been reported since February.

In February, the indicator stood at 3.3%, in March it was 5.1% and in April, 5.8%. The May figure reinforces the upward trend that is likely to continue for the rest of the year.

Nicaragua: 5.1% Y-o-Y Inflation up to March 2019

April 2019

During the third month of the year, the CPI registered a 1.82% monthly variation, mainly because of the prices of alcoholic beverages and tobacco.

In cumulative terms, domestic inflation was 1.84%, year-on-year inflation was 5.09%, 0.25% higher than in March 2018, while base year-on-year inflation was 5.25% (4.20% in March 2018), reported the Central Bank of Nicaragua (BCN).

Nicaragua: Inflation Accelerates

April 2019

After the country's Consumer Price Index rose to 3.3% in February 2019, it increased to 5.1% in March.

The March Consumer Price Index (CPI) showed a monthly increase of 1.82% (0.14% in March 2018), mainly because of the rise in prices of some goods and services of the divisions: Alcoholic beverages and tobacco (31.37%), Miscellaneous goods and services (3.76%), and Food and non-alcoholic beverages (1.62%), which together contributed 1.176 percentage points to the observed variation, reported the Central Bank of Nicaragua (BCN).

Nicaragua: 3% y-o-y Inflation up to January 2019

February 2019

During the first month of the year, the CPI registered a -0.25% variation, mainly because of the prices of the Recreation and Culture, and Food and non-alcoholic beverages divisions.

The January Consumer Price Index (CPI) showed a 0.25% monthly decrease, year-on-year inflation at 3.3%, while core year-on-year inflation was 3.88%, reported the Central Bank of Nicaragua.

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