Nicaragua: Inflation Keeps Accelerating

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

Tuesday, June 11, 2019

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.

The Consumer Price Index (CPI) for May showed a 0.77% monthly increase (0.55% in May 2018), mainly because of the behavior of prices in some goods and services of the Food and non-alcoholic beverages divisions (1.12%), informed the Central Bank of Nicaragua.

The document indicates that "... In cumulative terms, national inflation stood at 3.61 percent (1.55% in May 2018), induced by the behavior of prices in the divisions of Alcoholic beverages and tobacco (45.80%); Food and non-alcoholic beverages (2.67%); and Various goods and services (8.01%); with a joint contribution of 1.989 percentage points. Meanwhile, the year-on-year inflation was at 5.99 percent, 0.73 percentage points higher to the registered in May 2018, while the subjacent year-on-year inflation was of 6.38 percent (4.06% in May 2018).

The Food and non-alcoholic beverages division registered a 1.12 percent variation, with a contribution of 0.383 percentage points, derived from the increase in the prices of cheese (6.38%), plain bread (5.74%) and curd (5.99%), with a joint contribution of 0.233 percentage points
."

See full report.

Do you need to keep track of the key economic indicators in Central America?

Request more information about our Regional Economic Monitor.

Name:

Last Name:

Company:

Title:

Phone:

Email:

Comments:

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: 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). 

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.

Nicaragua: 5.3% Yoy Inflation up to May 2018

June 2018

During the fifth month of the year, the CPI recorded a monthly variation of 0.55%, mainly explained by prices in the sectors of Food and non-alcoholic beverages and Transport.

From a report by the Central Bank of Nicaragua:

The Consumer Price Index (CPI) showed an increase of 0.55 percent (0.13% in May 2017), explained mainly by the behavior of prices in some goods and services of the Food and non-alcoholic beverages divisions (0.85%), Transportation (1.76%), and Restaurants and hotels (0.41%), which together contributed 0.475 percentage points to the variation observed. In contrast, the Recreation and Culture division showed a decrease of -1.46 percent (-0.056pp). 

 close (x)

Receive more news about Economics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Professional ink refill franchise for sale

Ink and toner refills with latest generation machinery exclusively for the franchisee in Central America, investment opportunity with fast return.
Ink and toner refills with latest generation machinery...

Stock Indexes

(Oct 23)
Dow Jones
0.00%
S&P 500
0.00%
Nasdaq
0.00%

Commodities

(Oct 23)
Brent Crude Oil
0
Coffee "C"
0
Gold
0
Silver
0