El Salvador: Inflation Closes at 2.13% in 2010

The country ended 2010 with inflation at 2.13%, the lowest in Central America.

Friday, January 14, 2011

Within the region, El Salvador is the country with lower inflation, a trend that has continued since 2001, year in which the economy was dollarized.

"Given the trend of increases in international prices, El Salvador did not meet the goal contemplated by the International Monetary Fund (IMF) which was to have an inflation of 1.5% in 2010,” adds the article in Laprensagrafica.com.

More on this topic

Guatemala Closed 2010 with 5.39% Inflation

January 2011

The country ended 2010 with an inflation of 5.39%, an amount within the planned target set between 4% and 6%.

The Consumer Price Index (CPI) increased 0.08 percentage points in December, allowing for the annual inflation to end at the reported value, according to the director of the National Institute of Statistics, Luis Arroyo.

El Salvador Not Meeting IMF Inflation Target

November 2010

Accumulated inflation from January to October was 1.8%, already exceeding the annual target given to the IMF.

The country seems unlikely to meet this year´s 1.5% inflation goal committed to the International Monetary Fund (IMF).

"The high prices of some basic consumer goods such as beans, corn, vegetables and oil products in contrast with the slight inflation increase the government recorded in the first ten months of 2010," states the article in Elsalvador.com.

El Salvador's inflation rises to 8.4% in May

June 2008

The increase in food and fuel prices continues to gnaw at the purchasing power of El Salvadoreans. The private sector has issued a call to improve productivity.

Inflation in El Salvador reached an annual rate of 8.4 per sent in May, a level not seen since October 1996, when the colon was still the national currency.

Inflation in El Salvador up

April 2008

Higher prices of fuel, food and beverages pushed monthly inflation to 0.8% in March, the same as in February, the government reported.

Cumulative inflation for the first quarter rose to 2.7% while the year-on-year rate went up to 6%, according to the government's Department of Statistics and Censuses (Digestyc).

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