Inflation in Nicaragua to top 20%

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.

Friday, June 20, 2008

The reason for higher prices is the high and rising cost of food and fuel, say independent economists.
The projections were based on numbers provided by the Central Bank. Economist Néstor Avendaño said the numbers show that in May's inflation rate stood at 2.78 percent, bringing the year-to-date inflation figure to 9.43 percent.
Avendaño said a basket of 53 products has already risen by 35 percent, driving down the purchasing power of the minimum wage by 20 percent.

More on this topic

Nicaragua: Annual Inflation to February 2016 is 3.40%

March 2016

In February, the consumer price index registered a variation of 0.93%, accumulating so far this year inflation of 0.81%.

From a report by the Central Bank of Nicaragua:

The Consumer Price Index (CPI) showed a monthly variation of 0.93% (0.72% in December 2015), mainly explained by increased prices on some goods and services in the divisions of food and nonalcoholic beverages (0.93%), education (6.15%) and restaurants and hotels (1.69%), which together contributed 0.866 percentage points to the observed variation.

Honduras: Inflation Closed 2010 at 6.5%

January 2011

Inflation ended 2010 with an accumulated 6.5%, more than double the 2009 figure.

According to information from Central Bank of Honduras, in December 2010, "the price level, measured by the Consumer Price Index (CPI), reported no change and remained at the 6.5 percent reached in November".

Nicaragua's inflation surges to 11.6 percent in first half of the year

July 2008

Nicaraguan consumer prices rose by 2.13 percent in June, pushing cumulative inflation to 11.76 percent for the first half of the year – one of the highest rates on record and up from 6.12 percent in the same period of last year.

More than half of the increase in prices was due to food, particularly seasonal products that were affected by higher costs of inputs and fuel, the central bank reported.

Costa Rica's June inflation rises to 6.55%

July 2008

The rise in food and fuel prices on international markets continues to spur inflationary expectations in Costa Rica. These concerns were first expressed by the Central Bank early in the year.

In June, the annual rate of inflation stood at 6.55 percent.
Not everyone is prepared to blame oil and food prices as the main culprit in the latest round of inflation.

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