Price per gallon of regular gasoline: Costa Rica $4.27, Nicaragua $3.87, Honduras $3.66, El Salvador $3.34, Guatemala $3.28 and Panama $3.14.
From the Ministry of Economy of El Salvador statement:
The current downward trend in all petroleum products is because during the last half of May the IEA reported that gasoline reserves experienced a 4.8-million-barrel growth, providing stability to the demand for this product.
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. At this level, the FFPI would still remain 2.3 percent below its level in the corresponding month last year. Except for the sub-index for cereals, all the other sub-indices firmed in April, led by dairy and meat, and to a lesser extent vegetable oils and sugar.
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).
Price per gallon of regular gasoline: Nicaragua $4.01, Costa Rica $3.80, Honduras $3.70, El Salvador $3.49, Guatemala $3.44 and Panama $3.27.
From the Ministry of Economy of El Salvador statement:
The current reference prices are affected by the continuous decrease suffered in the inventories of gasoline and distillates such as diesel. According to the latest reports provided by the IEA, in April the reduction of gasoline registered an accumulated of 11.9 million barrels and distillates, from which diesel is extracted, registered 4.4 million barrels. This continuity directly affects the prices of oil derivatives, as it generates uncertainty in the markets and investors by observing abrupt drops in reserves and maintaining upward trends in prices.
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).
Price per gallon of regular gasoline: Nicaragua $3.81, Costa Rica $3.76, Honduras $3.53, El Salvador $3.36, Guatemala $3.22 and Panama $3.07.
From the Ministry of Economy of El Salvador statement:
The increases in gasoline prices for the current fortnight are largely because of the prolonged fall in gasoline reserves, which add up to 7 consecutive weeks, according to reports provided by the IEA, detailing a reduction of 21.4 million barrels.
In the third month of the year, the FAO food price index fell 4% from March 2018, explained by the decline in the prices of meat, cereals, vegetable oils and sugar.
From FAO's monthly report:
» The FAO Food Price Index* (FFPI) held steady in March 2019, averaging 167 points and still hovering around its highest value since August 2018.
The costs of wood and roofs, and metals and derivatives, explained during the second month of the year the 10% year-on-year increase in the prices of construction materials in Nicaragua.
The statistics of the Price Index of Construction Materials (IPMC) corresponding to February 2019, indicate that the IPMC registered a 9.6% year-on-year growth regarding the same month of the previous year, variation greater than the 8.4% reported in February 2018, informed the Central Bank of Nicaragua (BCN).
Education and transportation services were the main spending divisions that during the second month of the year caused the variation of the Consumer Price Index in the country.
The Consumer Price Index (CPI) for February showed a 0.27 percent monthly increase (0.22% in February 2018), mainly because of the behavior of prices in some goods and services of the divisions of Education (3.86%), Transportation (1.35%), Furniture and household goods and their conservation (0.67%), which together contributed 0.388 percentage points to the observed variation, explains a report from the Central Bank of Nicaragua (BCN).
Price per gallon of regular gasoline: Nicaragua $3.72, Costa Rica $3.57, Honduras $3.44, El Salvador $3.22, Guatemala $3.15 and Panama $2.79.
From the statement of the Ministry of Economy of El Salvador:
The increase in reference prices for this fortnight is because gasoline inventories have experienced their largest decline since February until the last weekly report provided on Wednesday March 20 by the IEA. During the last five consecutive weeks, gasoline reserves have decreased by an accumulated 16.8 million barrels, a decline not seen since the period from June to August 2017, when it was reduced by 14.7 million in seven consecutive weeks. Likewise, the inventories of distillates from which diesel is derived show a 4.1-million-barrel decrease, according to the latest weekly report provided by the IEA. These variations between the reserves of gasoline and distillates are because of the change of schedule to summer in the U.S. country, denoting a greater consumption of gasoline, therefore the prices of gasoline are those that experience the greatest increase.
In the second month of the year, the FAO food price index fell 2% from February 2018, explained by the decline in the prices of meat, vegetable oils and sugar.
From FAO's monthly report:
The FAO Food Price Index* (FFPI) averaged 167.5 points in February 2019, up 2.7 points (1.7 percent) from January.
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).
Price per gallon of regular gasoline: Costa Rica $3.50, Nicaragua $3.36, Honduras $3.24, El Salvador $2.82, Guatemala $2.82 and Panama $2.63.
From the Ministry of Economy of El Salvador report:
The increase in fuel prices for this fortnight is because of production factors, according to the latest report provided by the IEA, gasoline reserves showed a weekly reduction of 1.5 million barrels, also distillates such as diesel decreased by 1.4 million barrels per week; these inventory reductions affect the tendency of prices to rise, because there are fewer gasoline and diesel reserves to supply the existing demand in the hydrocarbon market, which generates this effect in the international prices of oil derivatives.
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.
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