During November, the CPI in Honduras registered a 3.8% variation with respect to the same month in 2018, an inflationary rhythm lower than the 4.1% rate reported in October.
The monthly variation of the Consumer Price Index (CPI) was 0.30% in November 2019, lower than that recorded in the same month of 2018 and 2017 (0.53% and 0.49%, in order), the increase in the index reflects the rise in prices in some food products and fuels, reported the Central Bank of Honduras (BCH).
In Costa Rica, the inflationary rhythm slowed for the fourth consecutive month, as in November the CPI reported a year-on-year variation of 1.86%, below the 2.07% reported in October.
During November, the goods and services that showed the greatest positive effect were: onion, gasoline and tourist packages.
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.
Price per gallon of regular gasoline: Costa Rica $4.12, Nicaragua $3.52, Honduras $3.45, El Salvador $3.07, Guatemala $3.05 and Panama $2.86.
From the Ministry of Economy of El Salvador statement:
The current reference prices present combined variation for gasoline and diesel; this trend responds to the economic conflict between the largest producer of oil and derivatives (United States) and the largest consumer of the same (China) that has extended for 16 months. The United States has scheduled for next December 15, a 15% increase in tariffs on Chinese products for a value of US$160 billion dollars, generating uncertainty in the international hydrocarbons market. Therefore, if such an increase is imposed, the demand for oil derivatives could decrease, generating an oversupply.
In the first ten months of the year, the price of 3/8" diameter iron rod, corrugated and legitimate, fell 9% in Guatemala, and that of structural galvanized steel sheet, die-cut, 26 gauge, fell 5%.
The Construction Materials Price Index -IPMC-, elaborated by the National Statistics Institute (INE), measures the variations of the prices of the eighty-nine (89) materials and services that integrate the representative basket of inputs that are used in the construction activity, using as base month December 2018=100.
After lowering the rate six times between January and October of this year, in its last review the Central Bank of Costa Rica decided to maintain it at 3.25%, because the inflationary rate registers a significant slowdown.
The last reduction made to the Monetary Policy Rate (MPR) was at the end of October, when the Central Bank of Costa Rica (BCCR) reduced it from 3.75% to 3.25%, arguing that the reduction would support the incipient economic recovery process shown by production indicators.
In September, the Consumer Price Index in El Salvador reported a monthly variation of -0.15%, partly explained by price declines in the Clothing and Footwear and Transport divisions.
From the General Directorate of Statistics and Censuses report:
In October, the Consumer Price Index rose 2.5% year-on-year, up from 2% in September 2019.
The consumer price index (CPI) in October 2019 registered a 0.67% variation with respect to the month of September, placing accumulated inflation from January to October at 3.06%, explains a report by the Central Bank of the Dominican Republic.
Price per gallon of regular gasoline: Costa Rica $4, Nicaragua $3.56, Honduras $3.44, El Salvador $3.06, Guatemala $3.06 and Panama $2.86.
From the Ministry of Economy of El Salvador statement:
The current reference prices show their second consecutive decline in gasoline and diesel for the current fortnight, these decreases are the result of the increase in U.S.
In the tenth month of the year, the unit of the polarized box outlet in Panama grew 8% over October 2018, and the foot of stranded electric cable No. 12 decreased 6%.
From the report of the General Comptroller of the Republic:
In Costa Rica, in the tenth month of the year, the price indexes for buildings and social housing registered year on year variations of 1.62% and 1.07%, respectively.
From the National Institute of Statistics and Census statement:
After falling from 4.4% to 1.8% between July and September 2019, during October the price growth rate was 2.2%.
Out of the twelve spending divisions that make up the Consumer Price Index (CPI), food (1.62%), transportation (0.79%), recreation (0.45%), reflect the rise in the general price level of inflation to October 2019, reported the National Statistics Institute.
During October 2019, the CPI registered a 4.1% variation with respect to the same month in 2018, an inflation rate that is lower than the 4.4% reported in September.
In October 2019, monthly inflation -measured through the variation of the Consumer Price Index (CPI)- was 0.24%, lower than the registered in October 2018 (0.56%). The monthly result is mainly the result of the increase in the price of some food products and fuel, informed the Central Bank of Honduras.
The inflationary rhythm slowed for the third consecutive month, as in October the CPI reported a 2.07% year-on-year variation, below the 2.53% reported in September.
The groups with the greatest contribution to the variation of the CPI in October are: Transport, and Food and non-alcoholic beverages.
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. The increase in October marked the first significant month-on-month rise in the value of the Index since May 2019, as surges in the prices of sugar, cereals and, to a lesser extent, meat and vegetable oils, more than offset a small decline in the value of the dairy sub-index.
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