Consumer prices in El Salvador fell 0.08 percent year-on-year in January 2020, following a 0.01 percent gain in the previous month. Prices dropped further for housing & utilities (-3.64 percent vs -2.31 percent in December) and communication (-1.71 percent vs -1.18 percent). Also, cost of recreation & culture declined (-0.17 percent vs 0.52 percent); and prices slowed for restaurants & hotels (0.74 percent vs 0.91 percent); education (0.69 percent vs 0.73 percent); and alcoholic beverages & tobacco (3.12 percent vs 3.22 percent). Meanwhile, cost advanced at a faster pace for food & non-alcoholic beverages (1.28 percent vs 1.20 percent); and transport (1.62 percent vs 0.49 percent in December). On a monthly basis, consumer prices went down 0.12 percent, after rising 0.10 percent in the prior month.
Inflation Rate in El Salvador averaged 3.15 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.
Inflation Rate in El Salvador is expected to be 0.10 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 1.10 in 12 months time. In the long-term, the El Salvador Inflation Rate is projected to trend around 1.30 percent in 2021 and 1.50 percent in 2022, according to our econometric models.