Nicaragua: 3.3% year-on-year inflation up to February 2019

Education and transportation services were the main spending divisions that during the second month of the year caused the variation of the Consumer Price Index in the country.

Friday, March 29, 2019

The Consumer Price Index (CPI) for February showed a 0.27 percent monthly increase (0.22% in February 2018), mainly because of the behavior of prices in some goods and services of the divisions of Education (3.86%), Transportation (1.35%), Furniture and household goods and their conservation (0.67%), which together contributed 0.388 percentage points to the observed variation, explains a report from the Central Bank of Nicaragua (BCN).

The document states that "... In cumulative terms, national inflation was 0.02 percent (0.53% in February 2018), induced by the behavior of prices in the divisions of Education, Health; Furniture and household items and for their conservation, with a joint contribution of 0.385 percentage points. Meanwhile, the year-on-year inflation was at 3.36 percent, 1.46 percentage points lower than that registered in February 2018, while the subjacent year-on-year inflation was 3.57 percent (4.08% in February 2018).

The Education division registered a 3.86 per cent variation, with a contribution of 0.241 percentage points, derived from the behavior of the elementary monthly (7.51%), junior high school monthly (7.09%) and preschool monthly (8.08%), with a joint contribution of 0.233 percentage points.

The Transport division recorded a 1.35 percent variation and contributed 0.101 percentage points. In this result, for its marginal contributions, the variations of gasoline (4.08%), diesel (5.10%) and school transportation service (5.80%) were highlighted, with a 0.117 percentage point joint contribution.
"

See BCN report.

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More on this topic

Nicaragua: Inflation Slows

September 2018

After reaching the highest level this year with 5.6% in June, the price index reported a variation of 5.2% in August compared to the same month in 2017.

The Consumer Price Index (CPI) showed a decrease of 0.24% (-0.03% in August 2017), explained mainly by the behavior of prices in some goods and services in the divisions of Food and non-alcoholic beverages  (- 0.75%), Recreation and culture (-3.88%) and Communications (-0.06%), which together contributed -0.4 percentage points to the observed variation, reported the Central Bank of Nicaragua (BCN).

Nicaragua: 5.3% Yoy Inflation up to May 2018

June 2018

During the fifth month of the year, the CPI recorded a monthly variation of 0.55%, mainly explained by prices in the sectors of Food and non-alcoholic beverages and Transport.

From a report by the Central Bank of Nicaragua:

The Consumer Price Index (CPI) showed an increase of 0.55 percent (0.13% in May 2017), explained mainly by the behavior of prices in some goods and services of the Food and non-alcoholic beverages divisions (0.85%), Transportation (1.76%), and Restaurants and hotels (0.41%), which together contributed 0.475 percentage points to the variation observed. In contrast, the Recreation and Culture division showed a decrease of -1.46 percent (-0.056pp). 

Nicaragua: 4.9% YoY Inflation up to March 2018

April 2018

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:

Nicaragua: 4,8% YoY Inflation to February 2018

March 2018

During the second month of the year, the CPI recorded a monthly variation of 0.22%, mainly explained by the prices of Education and Health services.

From a report by the Central Bank of Nicaragua:

The Consumer Price Index (CPI) showed a monthly variation of 0.22 percent (0.74% in February 2017), explained mainly by the behavior of prices in some goods and services of Education (5.28%), Health (1.12%) and Transportation (0.55%), which together contributed 0.415 percentage points to the variation observed. [GRAFICA caption = "Click to interact with graph"]

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