In September, price increases were more pronounced for vegetable oils and cereals, and for dairy products prices remained stable, while sugar and meat prices fell from their August levels.
The United Nations Food and Agriculture Organization (FAO) reported that in September 2020 the food price index averaged 97.9 points, i.e., 2% more than in August and already 4.6% above its value a year ago.
At the end of last year, the Consumer Price Index in the country reported a 6.1% year-on-year variation, an inflationary rhythm that is higher than the 3.9% registered in December 2018.
After not publishing for several months the information on the behavior of prices in the country, the Central Bank of Nicaragua (BCN) decided to report that in December 2019 the annual inflation was 6.1%.
As of December last year, the FAO food price index was up 13% over the same month in 2018, explained by rising prices of meat, dairy products, vegetable oils and sugar.
From the monthly report of the FAO:
» The FAO Food Price Index* (FFPI) averaged 181.7 points in December 2019, up 4.4 points (2.5 percent) from November, marking the third month of consecutive increase.
Last month FAO's food price index rose 10% from November 2018, explained by rising prices of meat, dairy products and vegetable oils.
From FAO's monthly report:
» The FAO Food Price Index* (FFPI) averaged 177.2 points in November 2019; up 4.7 points (2.7 percent) from October and 15.4 points (9.5 percent) from the corresponding period last year.
In the tenth month of the year, the FAO food price index rose 6% from October 2018, explained by rising prices of sugar, meat, dairy products and vegetable oils.
From FAO's monthly report:
» The FAO Food Price Index* (FFPI) averaged 172.7 points in October 2019, up 1.7 percent (3 points) from September and 6.0 percent higher than in the corresponding period last year.
In the ninth month of the year, the FAO food price index increased by 3% compared to September 2018, explained by the rise in the prices of sugar, meat, dairy products and vegetable oils.
From FAO's monthly report:
» The FAO Food Price Index* (FFPI) averaged nearly 170 points in September 2019, unchanged from August but 3.3 percent higher than in the corresponding period last year.
In the eighth month of the year, the FAO food price index fell 2% from July 2019, explained by the decline in the prices of sugar and main cereals.
From FAO's monthly report:
» The FAO Food Price Index* (FFPI) averaged 169.8 points in August 2019, down 1.1 percent (almost 2.0 points) from July but still 1.1 percent higher than in August 2018.
In the seventh month of the year, FAO's food price index rose 2% over the same month in 2018, again explained by the increase in the prices of cereals, meat and sugar.
From FAO's monthly report:
» The FAO Food Price Index* (FFPI) averaged 170.9 points in July 2019, down 1.1 percent (1.8 points) from June but 2.3 percent higher than in July 2018.
The costs of metals and electricity and lighting, during the fifth month of the year explained the 8% year-on-year rise in prices of construction materials.
The statistics of the Price Index of Construction Materials (IPMC) corresponding to May 2019, specify that a 7.6% year-on-year growth was reported regarding May of the previous year (8.6% in April 2019 and 8.9% in May 2018), indicates the report of the Central Bank of Nicaragua (BCN).
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.
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 the sixth month of the year, the FAO food price index increased by 1% compared to the same month in 2018, explained by the increase in the prices of cereals, meat and sugar.
From FAO's monthly report:
The FAO Food Price Index* (FFPI) averaged 173 points in June 2019, down marginally (0.3 percent) from May and very close to its level in June 2018.
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.
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.
In the fifth month of the year, the FAO food price index fell 2% over the same month in 2018, explained by the decline in prices of cereals and vegetable oils.
From the FAO monthly report:
The FAO Food Price Index* (FFPI) continued to rise for the fifth consecutive month, averaging 172.4 points in May 2019, up 1.2 percent (2.1 points) from April but still 1.9 percent below its level in the corresponding month last year.
In the fourth month of the year, the FAO food price index fell 2% over the same month in 2018, explained by the decline in prices of meat, cereals and vegetable oils.
From FAO's monthly report:
The FAO Food Price Index* (FFPI) rose in April 2019 to around 170 points, 1.5 percent (2.5 points) higher than in March and marking its highest value since June 2018.
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).
The NCB document explains that "... The division of Alcoholic Beverages and Tobacco registered a 10.0 percent variation and contributed 0.147 percentage points.