Inflation Nicaragua 2024
Average inflation: 4.6%
Current Inflation
Inflation is high at 4.6%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 5.8%. The lowest inflation was in December at 2.8%.
- Highest month
- January: 5.8%
- Lowest month
- December: 2.8%
- Difference
- 3.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 6.2%. The lowest price increase was in Energy with an average of 1.6%.
- Highest increase
- Food: 6.2%
- Lowest increase
- Energy: 1.6%
Historical Context
Current inflation is 1.8% lower than the 5-year average of 6.4%.
- 5-year average
- 6.4%
- 10-year average
- 5.4%
- All-time high (2008)
- 19.9%
- All-time low (2016)
- 3.5%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +3.8 percentage point.
- Change vs. previous year
- -3.8 percentage points
- Largest monthly swing
- February: -6.2 percentage points
ECB Target
Inflation is 2.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 5.8% | -5.1 |
| February | 4.9% | -6.2 |
| March | 5.4% | -5.0 |
| April | 5.4% | -4.1 |
| May | 5.5% | -4.0 |
| June | 4.8% | -5.1 |
| July | 5.2% | -3.0 |
| August | 4.5% | -3.0 |
| September | 3.9% | -3.3 |
| October | 3.6% | -2.4 |
| November | 3.7% | -1.9 |
| December | 2.8% | -2.8 |
| Average | 4.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.