After the July Consumer Price Index reported a 6.1% year-on-year variation, in August the increase was 6.3%.
Monday, September 9, 2019
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.
The report of the Central Bank "... Regarding core year-on-year inflation, it was 6.21% (4.35% in August 2018), mainly because of the behavior of product prices of the Alcoholic Beverages and Tobacco division which showed a 33.4% year-on-year variation, followed by the products of the Diverse Goods division with 9.06 percent, and the Food and Non-Alcoholic Beverages division with 6.82%.
The Food and non-alcoholic beverages division registered a -0.62 percent variation, with a contribution of -0.212 percentage points, derived from the decrease of prices in products such as potato (-19.82%), orange (-18.94%) and tomato (-16.13%), with a joint contribution of -0.303 percentage points.
On the other hand, the division of Restaurants and hotels registered a variation of -0.10 percent and contributed with -0.011 percentage points. In this result, because of their marginal contributions, the dishes prepared to take away (-2.16%) and the birthday celebration in restaurants (-1.11%) were highlighted, with a joint contribution of -0.047 percentage points."
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.
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).
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).
After reaching the highest level this year with 5.6% in June, the price index reported a variation of 5.2% in August compared to the same month in 2017.
The Consumer Price Index (CPI) showed a decrease of 0.24% (-0.03% in August 2017), explained mainly by the behavior of prices in some goods and services in the divisions of Food and non-alcoholic beverages (- 0.75%), Recreation and culture (-3.88%) and Communications (-0.06%), which together contributed -0.4 percentage points to the observed variation, reported the Central Bank of Nicaragua (BCN).