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

Wednesday, February 13, 2019

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.

The report states that "... In this month, four of the twelve divisions that make up the CPI basket presented negative variations, the following stand out for their marginal contribution:

The Recreation and Culture division registered a -4.37 percent variation, with a contribution of -0.181 percentage points, derived from the behavior of the lottery ticket (-21.45%), television (-1.61%) and children's toys (-1.64%), with a joint contribution of -0.189 percentage points.

The Food and Non-Alcoholic Beverages division contributed -0.135 percentage points, registering a 0.39 percent decrease. In this result, for its marginal contributions, the variations of tomato (-15.73%), boneless beef (-1.96%) and potatoes (-6.61%) were highlighted, with a joint contribution of -0.191 percentage points.

On the other hand, the Transport division registered a decrease of 1.09 percent, with a -0.082 percentage points contribution, derived from the decrease in the prices of gasoline (-3.30%), urban taxi service (-1.49%), diesel (-3.10%).
"

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More on this topic

Inflation in Nicaragua Keeps Rising

May 2019

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.

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).

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: Annual Inflation 5.2% up to July 2018

August 2018

During the seventh month of the year, the CPI recorded a monthly variation of -0.08%, mainly explained by the prices of Food and non-alcoholic beverages.

From a report by the Central Bank of Nicaragua:

The Consumer Price Index (CPI) showed a decrease of 0.08 percent (0.39% in July 2017), mainly explained by the behavior of prices in some goods and services in the divisions of Food and non-alcoholic beverages (-1.04% ); and Communications (-0.02%); which together contributed 0.364 percentage points to the observed variation. In contrast, the Transportation division showed an increase of 1.45 percent (0.112pp). 

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:

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