Nicaraguan Inflation Accelerates

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.

Friday, July 6, 2018

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.

The Central Bank of Nicaragua reported that in June the CPI showed an increase of 0.44 percent (0.05% in June 2017), mainly explained by the behavior of prices in some goods and services in the divisions of Food and non-alcoholic beverages (0.66%); Restaurants and hotels (0.67%); and Accommodation, water, electricity, gas and other fuels (0.59%), which together contributed 0.354 percentage points to the variation observed. In contrast, the Transportation division showed a decrease of 0.23 percent (-0.018pp). 

The report adds that " ... In cumulative terms, national inflation reached 1.92 percent (2.00% in June 2017), induced by the behavior of prices in the divisions of Transportation; Education; and Food and non-alcoholic beverages, with a joint contribution of 1,145 percentage points. In year-on-year terms, inflation stood at 5.60 percent, 2.54 percentage points higher than that registered in June 2017, and core inflation was 4.16 percent (4.46% in June 2017)." 

See full report (In Spanish).

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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.

Nicaragua: 3% y-o-y Inflation up to January 2019

February 2019

During the first month of the year, the CPI registered a -0.25% variation, mainly because of the prices of the Recreation and Culture, and Food and non-alcoholic beverages divisions.

The January Consumer Price Index (CPI) showed a 0.25% monthly decrease, year-on-year inflation at 3.3%, while core year-on-year inflation was 3.88%, reported the Central Bank of Nicaragua.

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). 

Nicaragua Registers 4.4% Inflation

November 2017

In October of this year, the CPI registered a monthly variation of 0.55%, mainly explained by the prices of food, non-alcoholic beverages and water, electricity, gas and other fuels.

From a report by the Central Bank of Nicaragua:

The Consumer Price Index (CPI) showed a monthly variation of 0.55 percent (0.31% in October 2016), mainly explained by the behavior of prices in some goods and services in the category of Food and non-alcoholic beverages (1.17% ); Housing, water, electricity, gas and other fuels (1.18%); and Restaurants and hotels (0.67%), which together contributed 0.583 percentage points to the variation observed. In contrast, the division of Transport, showed a variation of -1.43 percent (-1,09pp). [GRAFICA caption = "Click to interact with graphics"]

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