In July 2012 inflation showed a variation of 6.37%, 2.09 percentage points lower than that observed in July last year.
A statement from the Central Bank of Nicaragua reads:
National inflation
The national CPI up to July showed a variation of 0.27 percent (0.36% July 2011), behavior determined by the increase in the price level in Managua (0.42%) and a decrease in the rest of the country (-0.01%).
The inter-annual inflation rate is 1.59% higher than February 2011.
The Central Bank of Nicaragua announced that the accumulated inflation rate in the first two months of the year amounted to 1.36% and inter-annual inflation stood at 8.81%, 1.59 percentage points higher than in February 2011.
The increase in the inflation rate in January and February was due to changes in the prices of food, beverages, transportation, education and other assets, according to a report released by the Central Bank of Nicaragua.
Inflation in December recorded a monthly variation of 1,21% and 7.95% for the year.
In 2010, according to official Central Bank of Nicaragua, inflation reached 9.23%, the highest in Central America.
"The Central Bank indicated that the pattern of last December's inflation was marked mainly by increases in the areas of recreation and culture, food and non alcoholic beverages, restaurants and hotels, clothing and footwear, and other fuels.
The monthly variation in November was 1.25% with an accumulated inflation of 6.66%, according to the Central Bank.
The national CPI showed a variation of 1.25 percent in November (1.55% in the same month of 2010), derived from increases of 1.27 percent in the rest of the country and 1.24 percent in Managua.
With these results, the cumulative domestic inflation was 6.66 percent (8.54% in November 2010).
Cumulative inflation during the first eight months of the year reached 4.64%, up from 4.2% compared to the same period last year.
A report by the Central Bank of Nicaragua reads:
The national CPI showed a monthly variation of 0.63 percent in August (-0.50% in the same period in 2010), derived from increases of 0.73 percent in Managua and 0.46 percent in the rest of the country.
Inflation for the first seven months was 4.73%, due to price rises in food, drinks, transport and services.
According to information from the Nicaraguan Central Bank, in July alone the rate of inflation increased 0.87%.
The economist Alejandro Aráuz commented that, "although the first seven months of 2010 have seen a rapid rise in inflation, the coming months tend to be quieter with inflation in October in particular being almost zero," reports La Prensa.
Inflation deceleration and Risks to economic recovery.
The quarterly report from the Executive Secretary of the Central American Monetary Council (SECMCA) focuses on the region's inflation and recovery prospects.
Inflation, measured by year-on-year change in consumer prices, slowed in the second quarter of 2010 to 4.9%, compared to 2.9% in June 2009. This level is within the target limits set by the region's central banks.
The Central Bank estimates the country's economy to grow between 1.5% to 2% in 2010, and inflation to fall between 3% to 5%.
Antenor Rosales, president of the Central Bank of Nicaragua, explained that this growth estimate is based on the expected recovery of the global economy, an increase in remittances, exports and foreign direct investment.
"Another contributing factor will be the Free Trade Agreement with Panama, and the accords negotiated with Russia and the countries from ALBA", reported EPA.
Fitch Ratings reported that the risks to regional banks during the current crisis are growing and represent a major challenge for 2009.
The combination of reduced credit expansion, fund restrictions and increasing loan provisions have limited the profits of most banks and it is expected for these factors to continue to pressure the results in the coming months.
Fitch Ratings reported that the risks to regional banks during the current crisis are growing and represent a major challenge for 2009.
The combination of reduced credit expansion, fund restrictions and increasing loan provisions have limited the profits of most banks and it is expected for these factors to continue to pressure the results in the coming months.
While interannual inflation showed a strong reduction in November in the rate of growth, the accumulated inflation had a slight growth going from 13.95 to 14.04% during the first 11 months of the year.
The latest report from the Central Bank of Nicaragua issued yesterday on its web page indicates that in November monthly inflation grew slightly by 0.08% for the accumulated rate, after having fallen in October by 0.02% to remain at 13.95%.
According to the latest report on inflation published by the BCN, at the end of October the accumulated inflation was at 13.95% compared to 10.71% in 2007.
The institution explain that the downward trend in inflation continues, and that for the first time this year there was a slight decrease of 0.02%. The Central Bank acknowledges that the drop in the price of oil was what caused the reduction in the rate of inflation in October, while food and beverages and the furnishing and maintenance of homes continued to rise.
The consumer price index fell 0.02% in October, even though the accumulated rate for the year is at 13.95%, according to figures from the BCN released on Monday.
The inflation rate continued the "downward trend" with a slight decrease recorded for the first time this year due to the drop in the price of fuels both for vehicular and home use. This is related to the drop in the international price of petroleum, the report indicated.
Interannual inflation was at 22.79% in September due to the rise in the price of fuel and basic grains in the international market, official sources reported.
The Central Bank of Nicaragua (BCN) pointed out in its monthly report that inflation for September closed at 0.21 percent, while the accumulated inflation for the first nine months of the years totaled 13.97% and the interannual inflation was 22.79%.
This figure is more than double the inflation for the same period last year, when it closed at 9.86%.
The latest report form the Central Bank show that accumulated inflation, that is the general rise in prices, for August was at 13.73% just as the president of the Bank, Antenor Rosales, had previously announced on Wednesday.
Accumulated inflation for August 2007 was at 7.26%.