Inflation in El Salvador remains above 3 %
Although El Salvador's interannual inflation rate fell slightly in September, it remains above 3 %, according to data from the Central Reserve Bank
The Central Reserve Bank (BCTR) of El Salvador revealed data on the country’s interannual inflation rate, which remains above 3 % for the fourth consecutive month.
According to the regulatory body of the Central American country, in September the index fell slightly, standing at 3.02 %. However, the upward trend continues.
The results, which were released this Monday, “indicate that the parameter of the consumer price index, which is the indicator used to measure inflation, also added 12 months registering decreases since August 2022.”
Last year, the index marked 7.49 % for the same month. For its part, the National Statistics and Census Office (ONEC), dependent on the BCR, registered for the month of August “increases in the CPI of restaurants and hotels (6.53 %), food and non-alcoholic beverages (6.11 %) and alcoholic beverages and tobacco (4.48 %)”.
The growth outlook for the Salvadoran economy suffered an adjustment at the beginning of this month, of 2.3 %, despite the fact that in June it was estimated at 2.8.
In this sense, “the growth prospects for the region, indicated in the report Connected: Digital technologies for inclusion and growth”, are estimated at 2.8 % in 2023 and 2.3 % in 2024.
M.Pino
Source: swissinfo
(Reference image source: Unsplash, in collaboration with Getty Images)
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