Because of the behavior of the costs of timber and roofs, in Nicaragua the prices of construction materials registered a 13% increase in January with respect to the same period in 2018.
In the five chapters comprising the aggregate of the Index of Prices of Construction Materials (IPMC) increases were registered in January, with the greatest variation recorded in the chapter of timber and roofs (21.9%), followed by metals and derivatives (17.0%), electricity and lighting (7.2%), cement and derivatives (5.6%), and sanitary and flooring (5.1%), reported the Central Bank of Nicaragua (BCN).
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.
In the first month of the year, the FAO food price index fell 2% from January 2018, because of the decline in the prices of meat, vegetable oils and sugar.
From FAO's monthly report:
The FAO Food Price Index* (FFPI) averaged 164.8 points in January 2019, up almost 3 points (1.8 percent) from December 2018 but still 3.7 points (2.2 percent) below the corresponding month last year.
Because of the behavior of the costs of electrical materials, at the end of last year in Nicaragua the prices of construction materials registered a 12% increase with respect to December 2017.
The Central Bank of Nicaragua reports that "... The results indicate that the Construction Materials Price Index (CPI) registered a 1.0 percent variation with respect to the previous month and a 12.2 percent variation with respect to December of the previous year (4.0% year-on-year variation in December 2017).
In December, the CPI registered a monthly variation of 0.6%, because of the rise in Food and non-alcoholic beverages, Recreation and Culture and Health prices.
The report of the Central Bank of Nicaragua states that "... In cumulative terms, national inflation in 2018 reached 3.89 percent, 1.79 percentage points lower than that recorded in 2017 (5.68%).
In December, the FAO food price index fell 4% compared to the same month in 2017, explained by the decline in prices of meat, dairy products, vegetable oils and sugar.
From FAO's monthly report:
The FAO Food Price Index* (FFPI) averaged 161.7 points in December 2018, nearly unchanged from its November value as lower dairy and sugar quotations were largely offset by firmer cereal prices and somewhat higher prices of meat and oils.
During the eleventh month of the year, the CPI registered a 0.52% monthly variation, mainly because of the prices of Food and non-alcoholic beverages, and Communications.
The Central Bank of Nicaragua reported that in accumulated terms, national inflation reached 3.24% (4.51% in November 2017), caused by the behavior of goods and services prices in the sectors of Transportation; Housing, water, electricity, gas and other fuels; and Education with a joint contribution of 1.642 percentage points. In year-on-year terms, inflation was at 4.40%, 0.95 percentage points lower than that registered in November 2017, and subjacent inflation was 4.14% (4.07% in November 2017).
In November, the FAO Food Price Index fell 8% compared to the same month in 2017, caused by lower prices for meat, dairy products, cereals and sugar.
From FAO's monthly report:
» The FAO Food Price Index* (FFPI) averaged 160.8 points in November 2018, down 2.1 points (1.3 percent) from October, the lowest since May 2016, and nearly 15 points (8.5 percent) below its level in the corresponding period last year.
In Nicaragua, the Building Materials Price Index recorded an increase of almost 10% during October compared to the same month in 2017.
The Central Bank of Nicaragua (BCN) reported that the Building Materials Price Index (CPI) registered a 9.9 percent year-on-year growth compared to October of the previous year (8.8% registered in September 2018 and 3.7% in October 2017).
During the tenth month of the year, the CPI registered a monthly variation of 0.51%, mainly because of the prices of Food and non-alcoholic beverages.
According to the report of the Central Bank of Nicaragua, the Consumer Price Index (CPI) showed an increase of 0.51 percent (0.55% in October 2017), mainly caused by the behavior of prices in some goods and services of the Food and non-alcoholic beverages divisions (0.67%); Transportation (1.56%) and Housing, water, electricity, gas and other fuels (0.82%); which together contributed 0.429 percentage points to the variation observed. On the other hand, the Leisure and culture division showed a decrease of 0.29 percent (-0.011pp).
In September, the FAO food price index decreased 7% compared to the same month in 2017, because of lower prices for meat, dairy products, cereals, vegetable oils and sugar.
From FAO's monthly report:
» The FAO Food Price Index* (FFPI) averaged 163.5 points in October 2018, down 1.4 points (0.9 percent) from September and some 13 points (7.4 percent) below its level in the corresponding period last year.
In accordance with the behavior of the last months, in Nicaragua the Construction Materials Price Index registered an increase of almost 9% in September with respect to the same month in 2017.
The Central Bank of Nicaragua (BCN) reported that the Construction Materials Price Index (CPI) experienced a year-on-year growth of 8.8 percent compared to September of the previous year (9.6% August 2018 and 2.4% September 2017).
After reaching its highest level in June this year with 5.6%, the price index reported a variation of 5.1% in September with respect to the same month in 2017.
The Consumer Price Index (CPI) increased 0.50 percent (0.32% in September 2017), mainly explained by the behavior of the prices in some goods and services of the divisions of Recreation and culture (6.79%); Housing, water, electricity, gas and other fuel (1.73%) and Transportation (1.15%); which together contributed 0.496 percentage points to the observed variation.
In September, the FAO food price index decreased 7% compared to the same month in 2017, explained by the decline in prices of meat, dairy products, cereals and vegetable oils.
of the monthly report FAO:
» The FAO Food Price Index* (FFPI) averaged 165.4 points in September 2018, down 2.3 points (1.4 Percent) from August and some 13 points (7.4 percent) below its level in the corresponding period last year.
In Nicaragua, the Construction Materials Price Index registered a variation of almost 10% in August with respect to the same month in 2017.
The Central Bank of Nicaragua details in its figures that of the five chapters that make up the IPMC aggregate, the highest growth was observed in the chapter on metals and derivatives (18.2%), followed by wood and ceilings (9.8%), electricity and lighting (5.6%), cement and derivatives (5.3%) and sanitary ware and flooring (4.7%).