Nicaragua Keeps Inflation Low for Second Year | Q Costa Rica

Nicaragua Keeps Inflation Low for Second YearTODAY NICARAGUA – Nicaragua will end 2016 with inflation lower than 3.5 percent, which would keep that economic indicator low for the second consecutive…

Source: Nicaragua Keeps Inflation Low for Second Year | Q Costa Rica

Good news for Nicaragua! Thanks for sharing this information from Today Nicaragua. Since I live here in Nicaragua it sometimes seems like inflation is higher, but that is because the local currency, the Cordoba is tied to the US Dollar on a sliding devaluation, so if today 29.25 cordobas equals one dollar, in a month or so it will be 29.5 and eventually up to 30. So local prices in Cordobas tend to rise over time but stay equivalent in dollar terms.

Hey reader, watcha think?