Nicaragua: Inflation Accelerates in 2019

At the end of last year, the Consumer Price Index in the country reported a 6.1% year-on-year variation, an inflationary rhythm that is higher than the 3.9% registered in December 2018.

Wednesday, January 22, 2020

After not publishing for several months the information on the behavior of prices in the country, the Central Bank of Nicaragua (BCN) decided to report that in December 2019 the annual inflation was 6.1%.

See "Business: Making Blind Decisions"

The brief report from the NCB explains that the rise in the level of prices is mainly due to "... changes in the prices of some products contained in the divisions of:

-Alcoholic beverages and tobacco (43.69%)
-Miscellaneous goods and services (11.29%)
-Housing, water, electricity, gas and other fuels (5.88%)
-Food and non-alcoholic beverages (5.33%)
-Restaurants and hotels (4.56%), which explained 67.7% of the year's inflation.

The inflationary rhythm accelerated, since in December 2018 the variation was only 3.9 percent, behavior that at that time was explained by the rise in the prices of Food and non-alcoholic beverages, Recreation and culture and Health.

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More on this topic

Honduras: Inflation Still Accelerating

February 2020

After the inflationary rhythm went from 3.8% to 4.1% between November and December 2019, during January 2020 the year-on-year CPI was 4.3%.

In the first month of 2020, the monthly variation of the Consumer Price Index (CPI) was 0.24% (0.03% in January 2019), an increase driven by the rise in the price of services related to housing, some food and recreational and cultural items and services.

Inflationary Rhythm Decelerated in Costa Rica

January 2020

After the Consumer Price Index reported a 2.03% year-on-year variation at the end of 2018, in December 2019 the inflationary rhythm dropped to 1.52%.

The groups with greater contribution to the variation of the CPI in December 2019 were: Food and non-alcoholic beverages and Transportation, reported the National Institute of Statistics and Census (INEC).

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.

Nicaraguan Inflation Accelerates

July 2018

In May and June, the Consumer Price Index recorded year-on-year variations of 5.2% and 5.6%, exceeding the average inflation rate of 4.9% reported in the first four months of the year.

Ever since the political and social crisis in the country became accentuated, the general price indicator has shown a clear upward trend, which is reflected in the behavior of the inflationary rhythm of the last two months.

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