Nicaragua’s inflation rate declined to 4.40 percent year-on-year in November 2018 from 5.140percent in October. It was the slowest inflation rate in thirteen months, as prices increased at a softer pace for: food and non-alcoholic beverages (2.90 percent vs 3.83 percent in October); footwear & clothing (1.99 percent vs 2.12 percent); utilities (7.04 percent vs 7.35 percent); transport (8.40 percent vs 12.60 percent); recreation & culture (4.85 percent vs 6.15 percent), and restaurants & hotels (3.25 percent vs 4.12 percent). In contrast, prices rose at a faster rate for: liquor & tobacco (8.24 percent vs 7.47 percent); communications (6.66 percent vs 4.96 percent); and home furniture & appliances (3.02 percent vs 2.79 percent). On a monthly basis, prices increased by 0.5 percent for the third straight month. Inflation Rate in Nicaragua averaged 8.68 percent from 1993 until 2018, 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 4.60 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 5.30 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.