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.
The country ended 2010 with an inflation of 5.39%, an amount within the planned target set between 4% and 6%.
Accumulated inflation from January to October was 1.8%, already exceeding the annual target given to the IMF.
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.
Higher prices of fuel, food and beverages pushed monthly inflation to 0.8% in March, the same as in February, the government reported.
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