Consumer habits change in El Salvador.
The mechanism for measuring prices will include a greater focus on those products that carry more weight in household expenses and a reduction of the importance of the weight of the others.
Thursday, August 14, 2008
For example, the importance of food and non-alcoholic drinks has varied since the start of the process in 2005. According to current measurements, domestic budget provide 33.49% for that item; however, under the new consumer price index, which will be ready in 2009, the weight of this expense will drop to 26.16%.
Over the past five years, the basic basket of consumer goods has risen by 42 dollars, or 67.5 percent, but just in the past year it has gone up by 28 dollars.
The price of the basic food basket in urban zones of El Salvador jumped by 6.27 dollars in June. In rural areas the increase was 4.08 dollars.
The Consumer Price Index in March increased by 4.1% compared to the same month in 2012.
The increase in prices in July, measured by the Consumer Price Index, rose to 9.6%, the Department of Statistics and Census reported.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar