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Nicaragua Annual Inflation 2.75% in August 2015

nicaragua-inflation

 

TODAY NICARAGUA – In August, the CPI registered a negative variation of 0.01%, accumulating so far this year inflation of 1.34%, well below the 5% measured in the same period in 2014.

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From a report by the Central Bank of Nicaragua:

Monthly inflation in August was -0.01 percent (0.32% in December 2014). The monthly inflation rate was mainly determined by lower prices in the divisions of transport (-2.30%) and; food and non-alcoholic beverages (-0.20%) beverages, contributing -0254 whole percentage points to the observed variation.

Significantly, these declines were partially offset by price increases in the divisions of restaurants and hotels; recreation and culture, together contributing 0.136 percentage points.

Accumulated national inflation recorded 1.34 percent (5.03% in August 2014), induced by the behavior of prices in the divisions of restaurants and hotels; education and transport, together with a contribution of 1.224 percentage points.

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Finally, annual inflation stood at 2.75 percent, 3.98 percentage points lower than in August 2014 (6.73%), while core inflation recorded 6.62 percent (4.97% in August 2014).

Source: Centralamericandata.com

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