Consumer prices in El Salvador fell 0.2 percent year-on-year in October 2020, following a 0.4 percent drop in the previous month. Cost declined at a softer pace for housing & utilities (-1.9 percent vs -4.3 percent in September); and communication (-0.8 percent vs -0.9 percent). Also, prices advanced further for miscellaneous goods & services (2.1 percent vs 1.8 percent); clothing & footwear (1.2 percent vs 0.7 percent); health (1.2 percent vs 1.1 percent); and alcoholic beverages & tobacco (2.2 percent vs 1.7 percent). Additionally, cost of recreation & culture rebounded (0.2 percent vs -0.3 percent). In contrast, cost of food & non-alcoholic beverages slowed (0.7 percent vs 1.4 percent); while transportation prices dropped at a faster pace (-5 percent vs -4.8 percent). On a monthly basis, consumer prices went up 0.2 percent, rebounding from a 0.2 percent decrease in the prior month. source: Dirección General de Estadística y Censos - DIGESTYC
Inflation Rate in El Salvador averaged 3.06 percent from 1994 until 2020, reaching an all time high of 12.20 percent in January of 1996 and a record low of -2.25 percent in September of 2015. This page provides - El Salvador Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. El Salvador Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Inflation Rate in El Salvador is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in El Salvador to stand at 0.50 in 12 months time. In the long-term, the El Salvador Inflation Rate is projected to trend around 0.90 percent in 2021 and 1.50 percent in 2022, according to our econometric models.