Average inflation measured by CPI reached 7.14 % in 2020 in Nicaragua, according to the National Statistical Office. This is 13,175 % more than in the previous year.
Historically, average inflation measured by CPI in Nicaragua reached an all time high of 13,110 % in 1987 and an all time low of 0.028 % in 1976. When compared to Nicaragua's main peers, average inflation measured by CPI in Costa Rica amounted to 3.00 %, 2.00 % in El Salvador, 4.00 % in Honduras and 3.01 % in Mexico in 2020.
Nicaragua has been ranked 24th within the group of 173 countries we follow in terms of average inflation measured by CPI, 39 places above the position seen 10 years ago.
Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.