2 ene 2026
Inflation in Honduras Closed 2025 Within the BCH Tolerance Range
Honduras’ Consumer Price Index (CPI) closed 2025 with a year-on-year inflation rate of 4.98%, remaining within the medium-term tolerance range established by the Central Bank of Honduras (BCH), set at 4.0% ± 1 percentage point, according to the official report released by the monetary authority.
The December 2025 year-on-year inflation rate showed a deceleration of 0.11 percentage points compared to November. The BCH highlighted that government subsidies on fuels and electricity helped reduce inflation by approximately 0.63 percentage points; without these measures, inflation would have reached 5.61%.
Monthly inflation driven by food prices and offset by transportation
On a monthly basis, inflation in December stood at 0.35%, mainly driven by higher prices in Food and Non-Alcoholic Beverages, which contributed 0.21 percentage points, accounting for nearly 60% of monthly inflation. This increase was largely attributed to seasonal demand during the Christmas period, as well as price increases in certain soft drinks.
In contrast, the Transport category recorded a monthly decline of 0.41%, partially offsetting overall inflation. This decrease was mainly due to lower international airfares and a reduction in regular gasoline prices.
Other categories with notable contributions included Housing, Water, Electricity, Gas and Other Fuels (0.05 pp) and Clothing and Footwear (0.04 pp), reflecting moderate increases in rents, utilities, and seasonal consumer goods.
Regional differences in price behavior
According to the BCH report, monthly inflation showed regional disparities. The Central Metropolitan region recorded the lowest increase at 0.14%, while higher inflation rates were observed in the North Metropolitan (0.52%), Rest of the North (0.43%), and Southern (0.41%) regions, mainly driven by higher prices for food items such as meats, dairy products, and processed goods.
Core inflation remains elevated
Meanwhile, core inflation—which excludes more volatile prices—reached 5.43% year-on-year, temporarily exceeding the BCH’s tolerance range. This increase was largely driven by higher prices in services such as education, healthcare, transportation, housing rents, and food consumed away from home, as well as certain durable goods.
Overall outlook
Inflation performance in 2025 reflects a relatively stable price environment, supported by subsidy policies and moderation in key price categories. However, the Central Bank notes that future inflation dynamics will continue to depend on food prices, service costs, and external economic factors affecting the Honduran economy.