El Salvador consumer prices surged by 1.77 percent year-on-year in March 2021, following a 1.06 percent increase in the previous month. This was the highest inflation rate since December of 2017, as prices of transportation rebounded (2.34 percent vs -1.96 percent in February), and inflation quickened for food and non-alcoholic beverages (1.15 percent vs 0.73 percent), and housing & utilities (2.54 percent vs 2 percent). Other sectors have seen their prices rising at faster paces such as: medical care (3.16 percent vs 2.92 percent), restaurants & hotels (2.03 percent vs 1.78 percent) and furnishings & housing equipment (2.76 percent vs 2.45 percent). On a monthly basis, consumer prices rose 0.78 percent, up from a 0.62 percent increase in the prior month. source: Dirección General de Estadística y Censos - DIGESTYC
Inflation Rate in El Salvador averaged 3.01 percent from 1994 until 2021, 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 May of 2021.
Inflation Rate in El Salvador is expected to be 2.00 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 1.60 in 12 months time. In the long-term, the El Salvador Inflation Rate is projected to trend around 2.00 percent in 2022 and 2.20 percent in 2023, according to our econometric models.