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. Inflation Rate in Nicaragua averaged 8.57 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 6.20 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 5.60 in 12 months time. In the long-term, the Nicaragua Inflation Rate is projected to trend around 5.20 percent in 2020, according to our econometric models.