Nicaragua: 7.6% Annual Inflation up to November

TODAY NICARAGUA – In November, the consumer price index recorded a rise of 1.39%, placing accumulated inflation since January at 6.50%.

From the inflation report by the Central Bank of Nicaragua:

November’s monthly inflation rate stood at 1.39% (0.45% in December 2013), mainly determined by the behavior of prices in the divisions of food and non-alcoholic drinks; restaurants and hotels; and recreation and culture, which together contributed 1.50% to the observed variation. In contrast, the transport division saw a fall of 1.87%.

The accumulated national inflation reached 6.50% (4.58% in November 2013), caused mainly by rising prices in the divisions of food and non-alcoholic drinks; restaurants and hotels; and education, which together accounted for 84.3% of the aggregate result.

Moreover, annual inflation stood at 7.62%, 1.32% higher than in November 2013 (6.29%), while core inflation was 5.42% (5.28% in November 2013).

Source: CentralAmericaData.COM