Nicaragua: Inflationary Rhythm Declines

During June, the Consumer Price Index reported a 5.6% year-on-year variation, an inflationary rhythm that is lower than the 6% registered in May.

Wednesday, July 10, 2019

From the Central Bank of Nicaragua report:

The June Consumer Price Index (CPI) showed a 0.09 percent monthly increase (0.44% in June 2018), mainly explained by the behavior of prices in some goods and services of the Food and non-alcoholic beverages divisions (0.63%); Restaurants and hotels (0.60%); and Diverse goods and services (0.74%); which together contributed 0.333 percentage points to the observed variation. On the other hand, the division of Recreation and culture showed a 4.37 percent decrease, for a negative contribution of 0.167 percentage points.

In accumulated terms, national inflation was at 3.70 percent (1.99% in June 2018), induced by the behavior of prices in the divisions of Alcoholic beverages and tobacco (43.67%); Diverse goods and services (8.81%); and Food and non-alcoholic beverages (3.32%); and with a joint contribution of 2.245 percentage points. Meanwhile, the year-on-year inflation was at 5.63 percent, 0.05 percentage points lower to the registered in June 2018, while the subjacent year-on-year inflation was of 6.18 percent (4.16% in June 2018).

The Food and non-alcoholic beverages division registered a 0.63 percent variation, with a contribution of 0.216 percentage points, derived from the increase in the prices of onion (42.85%), potatoes (38.94%) and current bread (4.35%), with a joint contribution of 0.342 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: 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).

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).

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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