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.
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.
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).
Article originally appeared at Todaynicaragua.com