Last month FAO's food price index rose 10% from November 2018, explained by rising prices of meat, dairy products and vegetable oils.
From FAO's monthly report:
» The FAO Food Price Index* (FFPI) averaged 177.2 points in November 2019; up 4.7 points (2.7 percent) from October and 15.4 points (9.5 percent) from the corresponding period last year.
Price per gallon of regular gasoline: Costa Rica $4.12, Nicaragua $3.52, Honduras $3.45, El Salvador $3.07, Guatemala $3.05 and Panama $2.86.
From the Ministry of Economy of El Salvador statement:
The current reference prices present combined variation for gasoline and diesel; this trend responds to the economic conflict between the largest producer of oil and derivatives (United States) and the largest consumer of the same (China) that has extended for 16 months. The United States has scheduled for next December 15, a 15% increase in tariffs on Chinese products for a value of US$160 billion dollars, generating uncertainty in the international hydrocarbons market. Therefore, if such an increase is imposed, the demand for oil derivatives could decrease, generating an oversupply.
In the first ten months of the year, the price of 3/8" diameter iron rod, corrugated and legitimate, fell 9% in Guatemala, and that of structural galvanized steel sheet, die-cut, 26 gauge, fell 5%.
The Construction Materials Price Index -IPMC-, elaborated by the National Statistics Institute (INE), measures the variations of the prices of the eighty-nine (89) materials and services that integrate the representative basket of inputs that are used in the construction activity, using as base month December 2018=100.
In September, the Consumer Price Index in El Salvador reported a monthly variation of -0.15%, partly explained by price declines in the Clothing and Footwear and Transport divisions.
From the General Directorate of Statistics and Censuses report:
The behavior of the CPI regarding August 2019, is mainly explained by decreases of 0.77% in Clothing and Footwear and 0.64% in Transport; with which the accumulated inflation for September 2019 is -0.27%, lower variation to the registered in the same period of the previous year (0.85%).
In October, the Consumer Price Index rose 2.5% year-on-year, up from 2% in September 2019.
The consumer price index (CPI) in October 2019 registered a 0.67% variation with respect to the month of September, placing accumulated inflation from January to October at 3.06%, explains a report by the Central Bank of the Dominican Republic.
Price per gallon of regular gasoline: Costa Rica $4, Nicaragua $3.56, Honduras $3.44, El Salvador $3.06, Guatemala $3.06 and Panama $2.86.
From the Ministry of Economy of El Salvador statement:
The current reference prices show their second consecutive decline in gasoline and diesel for the current fortnight, these decreases are the result of the increase in U.S.
In the tenth month of the year, the unit of the polarized box outlet in Panama grew 8% over October 2018, and the foot of stranded electric cable No. 12 decreased 6%.
From the report of the General Comptroller of the Republic:
The average from January to October 2019, compared to the same period in 2018, showed increases in the Price Indices (IP) of the current collector unit for polarized box in 11.2%, the foot of Zinc N°26 galvanized corrugated in 2.7%, the foot of Carriola N°4 and the yard of Stone N°4, both in 2.1%. Likewise, the IP of the Sand yard increased by 1.7% and the IP of the clay block by 0.1%. In contrast, the IP of the foot of Stranded Electric Cable N°12 decreased by 6.2%, of the 30-foot section of the "½" steel rod by 3.0%, of the 10-foot section of the PVC plastic pipe by 2.5% and of the 94-pound bag of gray cement by 2.0%. In addition, the IP of the hundredth cement block N°4 was reduced by 1.7%, the cubic meter of ready-mixed concrete by 1.6% and the foot of unbrushed spaced wood by 0.2%.
After falling from 4.4% to 1.8% between July and September 2019, during October the price growth rate was 2.2%.
Out of the twelve spending divisions that make up the Consumer Price Index (CPI), food (1.62%), transportation (0.79%), recreation (0.45%), reflect the rise in the general price level of inflation to October 2019, reported the National Statistics Institute.
During October 2019, the CPI registered a 4.1% variation with respect to the same month in 2018, an inflation rate that is lower than the 4.4% reported in September.
In October 2019, monthly inflation -measured through the variation of the Consumer Price Index (CPI)- was 0.24%, lower than the registered in October 2018 (0.56%). The monthly result is mainly the result of the increase in the price of some food products and fuel, informed the Central Bank of Honduras.
The inflationary rhythm slowed for the third consecutive month, as in October the CPI reported a 2.07% year-on-year variation, below the 2.53% reported in September.
The groups with the greatest contribution to the variation of the CPI in October are: Transport, and Food and non-alcoholic beverages. Of the 315 goods and services that make up the consumption basket, 49% increase in price, 40% decreased in price and 11% showed no variation, informed the National Institute of Statistics and Censuses.
In the tenth month of the year, the FAO food price index rose 6% from October 2018, explained by rising prices of sugar, meat, dairy products and vegetable oils.
From FAO's monthly report:
» The FAO Food Price Index* (FFPI) averaged 172.7 points in October 2019, up 1.7 percent (3 points) from September and 6.0 percent higher than in the corresponding period last year.
From 1 November, EEGSA users will have a 0.4% increase in their tariff compared to the price for the third quarter of the year, and for DEOCSA and DEORSA users the increase will be 2.2% and 2%, respectively.
The tariff adjustment approved by the National Electric Energy Commission (CNEE), will be paid by users from November 1, 2019 to January 31, 2020, requires an official report.
In the first nine months of the year in Guatemala, the price of 3/8" diameter iron rod, corrugated and legitimate, fell 8%, and the price of structural galvanized steel sheet, stamped, 26 gauge, fell 5%.
The Index of Prices of Construction Materials -IPMC-, elaborated by the National Institute of Statistics (INE), measures the variations of the prices of the eighty-nine (89) materials and services that integrate the representative basket of inputs that are used in the construction activity, using as base month December 2018=100.
Price per gallon of regular gasoline: Costa Rica $3.88, Nicaragua $3.53, Honduras $3.44, El Salvador $3.08, Guatemala $3.04 and Panama $2.83.
From the Ministry of Economy of El Salvador statement:
The current reference prices present combined variation for gasoline and downward variations for diesel; this trend responds to a first partial agreement between the largest producer (United States) and the largest consumer (China) of oil and oil products worldwide. Last October 11, the tariff increase was suppressed that was maintained for a value of US$250,000 million and were scheduled to rise from 25% to 30% to several Chinese products, which generated an expectation of increased demand among investors and producers in the hydrocarbon market.
In the ninth month of the year, the polarized box outlet unit in Panama grew 12% from September 2018, and the stranded No. 12 power cable foot decreased 6%.
From the General Comptroller's Office report:
The average from January to September 2019, compared to the same period of 2018, showed increases in the Indexes of the unit of the current collector for polarized box in 11.6%, of the foot of the Carriola N°4 and of the Zinc N°26 corrugated galvanized, both in 3.1%.