TODAY NICARAGUA – The monthly variation in March was 0.12%, mainly explained by the behavior of prices of various goods and services and furniture and household items.
From a report by the Central Bank of Nicaragua:
The Consumer Price Index (CPI) showed a monthly variation of 0.12 percent (0.63% in March 2016), mainly explained by the behavior of prices of some goods and services in the divisions of miscellaneous goods and services (0.40%) Furniture, household items and routine household maintenance (0.31%) and Health (0.36%), which together contributed 0.068 percentage points to the observed variation. In contrast, in the division of Housing, water electricity, gas and other fuels there was a variation of -0.19 percent (-0.017pp).
In cumulative terms, domestic inflation was 1.48 percent (1.45% in March 2016), induced by the behavior of prices in the divisions of Food and non-alcoholic beverages; Housing, water, electricity, gas and other fuels; and Education, with a joint contribution of 1.283 percentage points.
In inter annual terms, inflation stood at 3.17 percent, 0.49 percentage points lower than in March 2016, and core inflation was 3.87 percent (5.02% in March 2016).
See full report (In Spanish)
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Article originally appeared on Today Nicaragua and is republished here with permission.