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 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.

More on this topic

El Salvador: Inflation Closes at 2.13% in 2010

January 2011

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

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.

Honduras: Inflation Closed 2010 at 6.5%

January 2011

Inflation ended 2010 with an accumulated 6.5%, more than double the 2009 figure.

According to information from Central Bank of Honduras, in December 2010, "the price level, measured by the Consumer Price Index (CPI), reported no change and remained at the 6.5 percent reached in November".

El Salvador: 2.3% Annual Inflation in April

May 2009

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.

The indicator’s decrease is related to the drop in food and raw material prices, according to what Economy Minister Ricardo Esmahán told El Diario de Hoy.

El Salvador: 12 month inflation at 4% in January

February 2009

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.

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."

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