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Nicaragua: Year on Year Inflation to October Reaches 6.63%

Managua, Capital of Nicaragua
Managua, Capital of Nicaragua

NICARAGUA NEWS — In October, the consumer price index registered a monthly increase of 0.12%, putting annual inflation at 6.63%, up from 6.49% at the end of September.

From a report on inflation by the Central Bank of Nicaragua:

The October national inflation registered a monthly increase of 0.12% (-0.001% in December 2013). The result of inflation for the month was derived from increases in the prices of some goods and services in the areas of food and non-alcoholic beverages; housing, water, electricity, gas and other fuels; and health, which together accounted for 0.222% of the observed variation. In contrast, the transport division registered a fall of 1.81%.

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Accumulated inflation reached 5.04% (4.10% in October 2013), affected by the increase in the divisions of food and nonalcoholic beverages; restaurants and hotels; and education, which together accounted for 78.6% of the accumulated result.

Meanwhile, annual inflation was 6.63%, 0.20% lower than in October 2013, and underlying inflation closed at 5.18% (5.53% in October 2013).

Source: Central American Data

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