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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