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.
In terms of marginal contribution, most noteworthy are divisions of food and beverages, furniture and household items, clothing and footwear, housing, water, electricity and other fuels with an aggregate contribution of 0.62 percentage points on the months inflation. In contrast, the communications division contributed -0065 percentage points.
The accumulated inflation was 4.64 percent (4.20% compared to the same period last year). Meanwhile, inflation registered 9.69 percent, 4.4 percentage points higher than that observed in August 2010.
Main factors that influenced inflation:
Sometimes temporary fluctuations in the prices of certain goods can occur.Foods typically have this type of behavior, because their dynamics depend on the evolution of international prices and domestic supply conditions, factors that usually have high seasonality.
The decrease in the supply of perishable goods and agricultural products in domestic market, accentuated prices in the food group, becoming the principal element of the monthly inflation.
Another relevant factor was the rise in the price of domestic services, the division of furniture, household goods and goods for routine household maintenance.
Source: Central Bank of Nicaragua
More on this topic
December 2011
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.
January 2012
A monthly report has been released giving the main indicators of the national economy: inflation, oil, IMAE, external sector, exports, foreign exchange, tax revenue.
The Consumer Price Index (CPI) registered an annual variation of 6.20% in December 2011, 0.81 percentage points higher than in the previous year (5.39%). In December 2011 the CPI showed a monthly variation of 0.22%, 0.14 percentage points higher than in the
March 2012
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.
February 2009
12 month inflation reached 4% in January, 0.7% less than the same period last year, when a figure of 4.7% was recorded by the Banco Central de Reserva.
Elsalvador.com publishes in its website: "In 2008, inflation peaked from June to August, when it reached 9.0% to 9.9%, influenced by the increase experimented in the price of fuels in international markets."
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