The inflation rate in Nicaragua was recorded at 3.62 percent in June of 2020.

Inflation Rate in Nicaragua averaged 8.47 percent from 1993 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.

Inflation Rate in Nicaragua is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Nicaragua to stand at 3.20 in 12 months time. In the long-term, the Nicaragua Inflation Rate is projected to trend around 3.50 percent in 2021 and 4.50 percent in 2022, according to our econometric models.

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Nicaragua Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.62 2.93 23.99 -0.12 1993 - 2020 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-06-07 03:00 PM May 6.0% 5.77% 5.9%
2019-07-10 03:10 PM Jun 5.63% 6% 6.2%
2019-08-08 11:00 PM Jul 6.09% 5.63% 5.5%
2019-09-06 10:00 PM Aug 6.13% 6.09% 6%

News Stream
Nicaragua Inflation Edges Up to 6.13% YoY
Nicaragua’s annual inflation rate edged up to 6.13 percent in August 2019 from 6.09 percent in the previous month. It was the highest inflation rate since December 2014, as prices increased at a faster pace for: food (6.02 percent vs 5.99 percent in July), health (6.70 percent vs 6.24 percent), utilities (5.16 percent vs 4.61 percent), and recreation & culture (6.73 vs 3.70 percent). In contrast, prices climbed at a softer pace for: clothing (3.78 percent vs 4.09 percent), transport (1.11 percent vs 3.19 percent), and communications (2.07 percent vs 2.24 percent). On a monthly basis, consumer prices rose 0.04 percent, slowing from 0.44 percent.
Nicaragua Inflation Climbs to 55-Month High
Nicaragua’s annual inflation rate climbed to 6.09 percent in July 2019 from 5.63 percent in the previous month. It was the highest inflation rate since December 2014, as prices increased at a faster pace for: food (5.99 percent vs 4.73 percent in June), clothing (4.09 percent vs 3.94 percent), health (6.24 percent vs 6.12 percent), transport (3.19 percent vs 2.59 percent), and recreation & culture (3.70 vs 3.19 percent). In contrast, prices advanced at a slower clip for utilities (4.61 percent vs 5.07 percent) and communications (2.24 percent vs 4.26 percent). On a monthly basis, consumer prices rose 0.4 percent, accelerating from 0.1 percent in June.

Nicaragua Inflation Rate
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.