Nicaragua: 4.4% YoY inflation up to November 2018

During the eleventh month of the year, the CPI registered a 0.52% monthly variation, mainly because of the prices of Food and non-alcoholic beverages, and Communications.

Tuesday, December 11, 2018

The Central Bank of Nicaragua reported that in accumulated terms, national inflation reached 3.24% (4.51% in November 2017), caused by the behavior of goods and services prices in the sectors of Transportation; Housing, water, electricity, gas and other fuels; and Education with a joint contribution of 1.642 percentage points. In year-on-year terms, inflation was at 4.40%, 0.95 percentage points lower than that registered in November 2017, and subjacent inflation was 4.14% (4.07% in November 2017).

The Consumer Price Index (CPI) showed a monthly increase of 0.52 percent (1.21% in November 2017), mainly caused by the behavior of the prices in some goods and services of the Food and non-alcoholic beverages sectors (1.72%); Communications (1.36%) and Housing, water, electricity, gas and other fuels (0.34%); which together contributed 0.654 percentage points to the observed variation. In contrast, the Transport sector showed a 2.41% decrease, for a negative contribution of 0.194 percentage points.

The report explains that the Food and Non-Alcoholic Beverages sector contributed 0.588 percentage points to November inflation, registering a 1.72% increase. In this result, because of their marginal contributions, the variations of tomato (30.04%), eggs (6.39%) and chiltoma (21.60%) were distinguished, with a joint contribution of 0.286 percentage points.

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