Nicaragua’s annual inflation rate rose to 5.77 percent in April 2019 from 5.08 percent in the previous month. It was the highest inflation rate since March 2015, as prices went up further for food and non-alcoholic beverages (4.5 percent from 3.9 percent in March); furniture & household equipment (6.2 percent from 5.6 percent); clothing & footwear (3.6 percent from 2.9 percent); restaurants & hotels (4.3 percent from 3.3 percent); miscellaneous goods and services (8.9 percent from 6.5 percent); health (5.8 percent from 5.7 percent); education (6.7 percent from 6.4 percent); and alcoholic beverages & tobacco (50.5 percent from 37.4 percent). Meanwhile, cost eased for housing & utilities (5.9 percent from 6.2 percent); transport (5.5 percent from 5.9 percent); and recreation & culture (4.1 percent from 5 percent). On a monthly basis, consumer prices increased 1 percent, slowing from a 1.8 percent gain in March. Inflation Rate in Nicaragua averaged 8.61 percent from 1993 until 2019, 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.
Inflation Rate in Nicaragua is expected to be 5.10 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 4.50 in 12 months time. In the long-term, the Nicaragua Inflation Rate is projected to trend around 5.30 percent in 2020, according to our econometric models.