Consumer prices in El Salvador fell 0.9 percent year-on-year in May of 2020, following a 1 percent drop in April and marking the tenth straight month of no annual growth in the CPI. Prices continued to fall for transportation (-9.7 percent vs -9.5 percent), housing and utilities (-3.5 percent vs -3.8 percent), communication (-1.4 percent vs -1.3 percent), recreation and culture (-1.3 percent vs -1.2 percent), and clothing and footwear (-0.9 percent vs -1.1 percent). In contrast, prices rose faster for food and non-alcoholic beverages (2.3 percent vs 2.1 percent) and alcoholic beverages and tobacco (3.6 percent vs 3.3 percent).
Inflation Rate in El Salvador averaged 3.10 percent from 1994 until 2020, reaching an all time high of 12.20 percent in January of 1996 and a record low of -2.25 percent in September of 2015. This page provides - El Salvador Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. El Salvador Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Inflation Rate in El Salvador is expected to be -1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in El Salvador to stand at 0.10 in 12 months time. In the long-term, the El Salvador Inflation Rate is projected to trend around 0.90 percent in 2021 and 1.50 percent in 2022, according to our econometric models.