According to the latest report from the Central Reserve Bank (BCR), El Salvador closed January 2024 with an inflation rate of 1.20%, which has accumulated 17 consecutive months of decline in this indicator.
The inflation rate in January was 3 percentage points lower than in December 2023 (1.23%). Since August 2022, El Salvador has registered a reduction in inflation.
During the results report for the third quarter of 2023, which revealed a growth of 3.6% in the Gross Domestic Product (GDP) compared to the same period of the previous year, the president of the BCR, Douglas Rodríguez, highlighted that “the continued deceleration of prices of goods and services” was one of the main drivers of the economy last year, along with factors such as security and tourism.
Previous PublicationsFMLN Deputy: We are the majority
Next PublishArrest warrant once morest mafia linked to Óscar Ortiz
#Salvador #registers #consecutive #months #reduction #inflation
