Nicaragua's Bolaos gloomy on inflation forecast

Antenor Rosales Bolaos, the president of the Central Bank of Nicaragua, said on Thursday that inflation is set to rise over the next few months because of adverse weather conditions.

Hurricane Felix hit in early September and in October the country was plagued by high rainfall.

Bolaos told Bloomberg: "In the history of Nicaragua, inflation has always gone up for two to three months following a natural catastrophe.''

The central bank said in its latest inflation report that high rainfall in

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