Nicaragua: Inflation Accelerates

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

Wednesday, April 10, 2019

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).

The document states that "... In accumulated terms, the national inflation was of 1.84 percent (0.68% in March 2018), induced by the behavior of prices in the divisions of Alcoholic beverages and tobacco; Food and non-alcoholic beverages and Diverse goods and services, with a joint contribution of 1,051 percentage points. Meanwhile, the year-on-year inflation was at 5.09 percent, 0.25 percentage points higher to the registered in March 2018, while the subjacent year-on-year inflation was of 5.25 percent (4.20% in March 2018).

The Alcoholic Beverages and Tobacco division recorded a 31.37 percent variation and contributed 0.357 percentage points. In this result, for its marginal contributions, the variations of cigarette (45.83%), beer (8.79%) and rum (11.63%) were highlighted, with a combined contribution of 0.357 percentage points.

The Food and Non-Alcoholic Beverages division registered a variation of 1.62 percent, with a contribution of 0.559 percentage points, derived from the increase in the prices of boneless beef (5.20%), orange (19.65%) and banana (7.09%), with a joint contribution of 0.238 percentage points.
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More on this topic

Nicaragua: Inflationary Rhythm Keeps Accelerating

September 2019

After the July Consumer Price Index reported a 6.1% year-on-year variation, in August the increase was 6.3%.

In cumulative terms, national inflation stood at 4.03% (1.66% in August 2018), induced by the behavior of prices in the divisions of Alcoholic beverages and tobacco (42.89%), Several goods and services (9.87%), and Food and non-alcoholic beverages (2.81%), with a joint contribution of 2.13%, reported the Central Bank of Nicaragua.

Nicaragua: Inflation Keeps Accelerating

June 2019

In May, the CPI rose 6%, reinforcing the upward trend that has been reported since February.

In February, the indicator stood at 3.3%, in March it was 5.1% and in April, 5.8%. The May figure reinforces the upward trend that is likely to continue for the rest of the year.

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).

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