Data from the Central Reserve Bank (BCR) demonstrate that the pace of year-on-year inflation growth in El Salvador has decreased its trend for the fourth consecutive month, showing a lower impact on consumer prices.
In detail, consumer prices had a variation of 6.82% as of February of this year, compared to the same month of the previous year. This means that the products and services consumed in homes are no longer increasing at a rapid pace.
This in the context of the economic crisis that is being experienced worldwide, which has reached inflation levels in the world higher than historical averages. Due to this, the Government has carried out actions to mitigate these impacts on the pockets of Salvadorans.
Likewise, faced with the increase in food prices, the Government has intervened to offer alternatives to both consumers and producers. On the other hand, verifications continue to identify possible abuses in all types of sales.
El Salvador’s annual inflation growth rate decreased its trend for the fourth consecutive month, showing a lower impact on consumer prices, despite the international environment that affects these prices. pic.twitter.com/Jk0HcPX5LB
— Banco Central SV (@bcr_sv) March 7, 2023
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