Consumer Prices for Nicaragua
NICPCPIEPCH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
2.96%
Date Range
1/1/1995 - 1/1/2030
Summary
The Consumer Prices for Nicaragua index measures changes in the prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and helps policymakers assess the country's economic health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Consumer Prices for Nicaragua index tracks the cost of a representative sample of consumer goods and services purchased by households in Nicaragua. It is used to monitor inflation and can inform monetary and fiscal policy decisions.
Methodology
The data is collected through surveys of consumer expenditures and prices by Nicaragua's National Institute of Statistics and Census.
Historical Context
This inflation data is closely watched by the Central Bank of Nicaragua and international institutions like the IMF.
Key Facts
- Nicaragua's consumer prices have risen an average of 6.7% annually over the past decade.
- The consumer price index reached a high of 10.1% in 2018 before declining in recent years.
- Housing, food, and transportation are the largest components of the Nicaraguan consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Consumer Prices for Nicaragua index measures changes in the prices paid by consumers for a basket of goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This inflation data is crucial for monitoring the overall cost of living and can inform monetary and fiscal policy decisions by the Nicaraguan government and central bank.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by Nicaragua's National Institute of Statistics and Census.
Q: How is this trend used in economic policy?
A: The consumer price index is closely watched by the Central Bank of Nicaragua and international institutions like the IMF to assess inflationary pressures and guide monetary policy.
Q: Are there update delays or limitations?
A: The consumer price data for Nicaragua is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Consumer Prices for Nicaragua (NICPCPIEPCH), retrieved from FRED.