The annual inflation rate in El Salvador fell for the fourth straight month to 5.44% in April 2023, from 6.06% in the previous month, marking the lowest figure since September 2021. Prices softened for several CPI items such as food & non-alcoholic beverages (10.4% vs 11.6% in February); transportation (1.5% vs 1.1%); housing and utilities (2.2% vs 2.5%); recreation & culture (3.1% vs 4.7%) and furnishings & household equipment (3.4% vs 3.8%). Meanwhile, prices accelerated for clothing & footwear (2.5% vs 2.4%) and restaurants and hotels (7.6% vs 7.2%). On a monthly basis, consumer prices edged down by 0.1%, after a 0.1% rise in the prior month. source: Dirección General de Estadística y Censos - DIGESTYC
Inflation Rate in El Salvador averaged 3.21 percent from 1994 until 2023, 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 2023.
Inflation Rate in El Salvador is expected to be 4.21 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.