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Domestic Price Warnings

Countries where prices of one or more basic food commodity are at abnormal high levels in main markets.
Price warning level:  High   Moderate [Based on the Indicator of Price Anomalies (IPA)]

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Nicaragua

12/07/2018

Prices of white maize continued to increase in June and at near-record highs

Prices of white maize increased sharply for the seventh consecutive month in June and reached near-record highs, in nominal terms, nearly 91 percent higher year-on-year. The ongoing social unrest affecting the transportation of goods to the markets and increased fuel costs were the main drivers of the increases, which contributed to exacerbate seasonal trends. Although the distribution of inputs and access to credit is hindered by the unrest, planting operations of the 2018 main season are ongoing and weather conditions are overall favourable. Prices of red beans increased significantly in the past two months and were more than one-third higher than their year-earlier levels. The year-on-year general inflation rate reached 5.6 percent in June, 2.54 percentage points higher than in June 2017.

Region: Central America