The inflation rate in Nicaragua was recorded at 3.69 percent year-on-year in February of 2017, following a 3.88 percent increase in the previous month. The slowdown was mainly driven by food & non-alcoholic beverages (-0.3 percent from 0.0 percent in January); recreation & culture (+5.2 percent from +9.4 percent); and restaurants & lodging (+3.8 percent from +5.4 percent). These declines offset further price increases in alcoholic beverages & tobacco (+9.1 percent from +7.7 percent) and housing & utilities (+10.3 percent from +7.7 percent). On a monthly basis, the inflation rate in February was 0.74 percent, compared to 0.61 percent in January. Inflation Rate in Nicaragua averaged 8.98 percent from 1993 until 2017, reaching an all time high of 23.99 percent in September of 1993 and a record low of -0.12 percent in August of 2009.
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In Nicaragua, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (30.9 percent of total weight). Housing and Utilities accounts for 9.8 percent; Restaurants and Hotels for 9.5 percent; Transport for 8.9 percent; Miscellaneous Goods and Services for 8 percent and Furniture, Household Goods and Maintenance for 7.4 percent. Clothing and Footwear; Health; Education; Recreation and Culture; Communication and Alcoholic beverages and Tobacco account for the remaining 25.5 percent of total weight. This page provides the latest reported value for – Nicaragua Inflation Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Nicaragua Inflation Rate – actual data, historical chart and calendar of releases – was last updated on March of 2017.