Consumer prices in El Salvador dropped 0.2 percent year-on-year in June 2020, following a 0.9 percent fall in May and marking the eleventh consecutive month of no annual growth in the CPI. Prices continued to decline for transportation (-7 percent from -9.7 percent in May), housing & utilities (-2.6 percent vs -3.5 percent), communication (-1.1 percent from -1.4 percent), recreation & culture (-0.5 percent from -1.3 percent) and clothing & footwear (-0.8 percent from -0.9 percent). Also, cost slowed for health (0.7 percent from 0.8 percent) and alcoholic beverages & tobacco (3 percent from 3.6 percent). On the other hand, cost of food and non-alcoholic beverages rose further (2.9 percent from 2.3 percent). On a monthly basis, consumer prices went up 0.6 percent, following a 0.2 percent gain in the prior month.
Inflation Rate in El Salvador averaged 3.10 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 August of 2020.
Inflation Rate in El Salvador is expected to be -0.50 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 0.30 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.