The annual inflation rate in El Salvador increased to 0.8 percent in April 2019 from 0.7 percent in March. Prices rose further for food & non-alcoholic beverages (1.7 percent from 1.2 percent in March); housing & utilities (1.3 percent from 2.5 percent); miscellaneous goods & services (0.4 percent from 0.2 percent); and recreation & culture (0.7 percent from 0.4 percent). Additionally, cost of transport rebounded (0.8 percent from -0.2 percent). Also, prices fell less for furnishing & household equipment (-1.1 percent from -1.5 percent) and clothing & footwear (-1.1 percent from -1.3 percent). Meanwhile, prices eased for restaurants & hotels (1.5 percent from 1.6 percent) and health (0.3 percent from 0.5 percent). In addition, cost continued to fall for education (-0.6 percent, the same as in January) and communication (-0.9 percent). On a monthly basis, consumer prices went up 0.2 percent, unchanged from the prior month. Inflation Rate in El Salvador averaged 3.24 percent from 1994 until 2019, 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.
Inflation Rate in El Salvador is expected to be 1.60 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 2.00 in 12 months time. In the long-term, the El Salvador Inflation Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.