El Salvador Not Meeting IMF Inflation Target
Accumulated inflation from January to October was 1.8%, already exceeding the annual target given to the IMF.
Wednesday, November 10, 2010
The country seems unlikely to meet this year´s 1.5% inflation goal committed to the International Monetary Fund (IMF).
The country ended 2010 with inflation at 2.13%, the lowest in Central America.
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.
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.
Inflation ended 2010 with an accumulated 6.5%, more than double the 2009 figure.
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