Nicaragua: 5.1% YoY inflation up to October 2018

During the tenth month of the year, the CPI registered a monthly variation of 0.51%, mainly because of the prices of Food and non-alcoholic beverages.

Wednesday, November 7, 2018

According to the report of the Central Bank of Nicaragua, the Consumer Price Index (CPI) showed an increase of 0.51 percent (0.55% in October 2017), mainly caused by the behavior of prices in some goods and services of the Food and non-alcoholic beverages divisions (0.67%); Transportation (1.56%) and Housing, water, electricity, gas and other fuels (0.82%); which together contributed 0.429 percentage points to the variation observed. On the other hand, the Leisure and culture division showed a decrease of 0.29 percent (-0.011pp).

In accumulated terms, national inflation reached 2.70 percent (3.26% in October 2017), induced by the behavior of prices in the divisions of Transportation; Housing, water, electricity, gas and other fuels; and, Education with a total contribution of 1.793 percentage points. In year-on-year terms, inflation was at 5.10 percent, 0.73 percentage points higher than that registered in October 2017, and subjacent inflation was 4.06 percent (4.15% in October 2017).

The Food and non-alcoholic beverages division contributed to the October inflation with 0.229 percentage points, registering an increase of 0.67 percent. From this result, due to its marginal contributions, the variations of cheese (6.12%), tomato (10.52%) and onion (10.45%) were highlighted, with a total contribution of 0.198 percentage points.

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More on this topic

Nicaragua: Inflation Accelerates

April 2019

After the country's Consumer Price Index rose to 3.3% in February 2019, it increased to 5.1% in March.

The March Consumer Price Index (CPI) showed a monthly increase of 1.82% (0.14% in March 2018), mainly because of the rise in prices of some goods and services of the divisions: Alcoholic beverages and tobacco (31.37%), Miscellaneous goods and services (3.76%), and Food and non-alcoholic beverages (1.62%), which together contributed 1.176 percentage points to the observed variation, 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 Registers 4.4% Inflation

November 2017

In October of this year, the CPI registered a monthly variation of 0.55%, mainly explained by the prices of food, non-alcoholic beverages and water, electricity, gas and other fuels.

From a report by the Central Bank of Nicaragua:

The Consumer Price Index (CPI) showed a monthly variation of 0.55 percent (0.31% in October 2016), mainly explained by the behavior of prices in some goods and services in the category of Food and non-alcoholic beverages (1.17% ); Housing, water, electricity, gas and other fuels (1.18%); and Restaurants and hotels (0.67%), which together contributed 0.583 percentage points to the variation observed. In contrast, the division of Transport, showed a variation of -1.43 percent (-1,09pp). [GRAFICA caption = "Click to interact with graphics"]

Nicaragua: Inter Annual Inflation up to May 2016 is 3.65%

June 2016

In May the consumer price index registered a variation of 0.57%, with accumulated inflation so far this year being 2.17%.

From a report by the Central Bank of Nicaragua:

The Consumer Price Index (CPI) showed a monthly variation of 0.57 percent (0.51% in December 2015), mainly explained by increased prices in some goods and services in the divisions of Food and non alcoholic drinks (0.54%), recreation and culture (2.97%) and transportation (1.14%), which together contributed 0.389 percentage points to the observed variation. In contrast the category of Communications showed the opposite behavior with a variation of -0.07 percent (-0.002 pp).

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