El Salvador: 12 month inflation at 4% in January
12 month inflation reached 4% in January, 0.7% less than the same period last year, when a figure of 4.7% was recorded by the Banco Central de Reserva.
Monday, February 16, 2009
Elsalvador.com publishes in its website: "In 2008, inflation peaked from June to August, when it reached 9.0% to 9.9%, influenced by the increase experimented in the price of fuels in international markets."
In February, the consumer price index registered a variation of 0.49% compared to January, placing accumulated inflation at 0.80%.
In June, there was an increase of 0.4%, driven mainly by soft drinks.
Accumulated inflation from January to October was 1.8%, already exceeding the annual target given to the IMF.
Annual inflation fell to 2.3% in April, one point lower than what was registered in March 2009, when it was 3.3%, according to data from the BCR.
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