The annual inflation rate in El Salvador was at a seven-month low of 7.3% in December, almost unchanged from the previous month. Prices slowed down mostly for transportation (5.1% vs 6.9% in November); recreation & culture (8% vs 9.5%) and alcoholic beverages & tobacco (4.3% vs 5.1%). Additionally, prices fell further for communication (-1% vs -0.6%). Meanwhile, other items such as food & non-alcoholic beverages (12.2% vs 12.1%) and restaurants & hotels (8.1% vs 7.8%) became more expensive. On a monthly basis, consumer prices increased by 0.2%, after rising by 0.6% in the previous month. source: Dirección General de Estadística y Censos - DIGESTYC
Inflation Rate in El Salvador averaged 3.17 percent from 1994 until 2022, 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 January of 2023.
Inflation Rate in El Salvador is expected to be 5.37 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the El Salvador Inflation Rate is projected to trend around 2.00 percent in 2024, according to our econometric models.