January 10, 2009 / 2:52 AM / in 10 years

Nicaragua's inflation hit 13.77 pct in 2008

MANAGUA, Jan 9 (Reuters) - Inflation in Nicaragua reached 13.77 percent last year, the country’s central bank said on Friday, driven by higher international food prices.

As part of a lending program with the International Monetary Fund, Nicaragua agreed in September to limit inflation to 18 percent in 2008.

Nicaraguan inflation in 2007 was 16.88 percent. (Reporting by Ivan Castro; editing by Carol Bishopric)

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