Consumer prices in El Salvador increased 0.01 percent year-on-year in December 2019, following a 0.58 percent decrease in the prior month. Main upward pressure came from prices of food & non-alcoholic beverages (1.20 percent vs 0.76 percent in November); transport (0.49 percent vs -1.16 percent); recreation & culture (0.52 percent vs 0.41 percent); restaurants & hotels (0.91 percent vs 0.68 percent) and alcoholic beverages & tobacco (3.22 percent vs 2.96 percent). In contrast, cost fell for housing & utilities (-2.31 percent vs -3.96 percent); clothing & footwear (-1.85 percent vs -1.72 percent); furnishings (-1.20 percent, the same pace as in November); communication (-1.18 percent vs -0.95 percent) and miscellaneous goods & services (-0.28 percent vs -0.32 percent). On a monthly basis, consumer prices edged up 0.1 percent, the same pace as in the previous month. Inflation Rate in El Salvador averaged 3.16 percent from 1994 until 2019, 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.

Inflation Rate in El Salvador is expected to be 0.90 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 1.70 in 12 months time. In the long-term, the El Salvador Inflation Rate is projected to trend around 1.30 percent in 2020, according to our econometric models.

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El Salvador Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.01 -0.58 12.20 -2.25 1994 - 2019 percent Monthly
2009=100



Calendar GMT Actual Previous Consensus TEForecast
2019-10-08 02:00 PM Sep -0.68% -0.49% -0.3%
2019-11-08 03:50 PM Oct -0.87% -0.68% -0.7%
2019-12-09 02:30 PM Nov -0.58% -0.87% -0.8%
2020-01-09 05:30 PM Dec 0.01% -0.58% -0.4%
2020-02-07 03:20 PM Jan 0.01% -0.2%


News Stream
2019-12-09
El Salvador Consumer Prices Fall for 4th Month
Consumer prices in El Salvador fell 0.58 percent year-on-year in November 2019, following a 0.87 percent decline in the previous month. Cost went down less for housing & utilities (-3.96 percent from -4.73 percent in October); transport (-1.16 percent from -2.77 percent); and communication (-0.95 percent from -1.05 percent). Additionally, prices rose further for restaurants & hotels slowed (0.68 percent from 0.52 percent); health (0.87 percent from 0.7 percent); and alcoholic beverages & tobacco (2.96 percent from 2.82 percent). Meanwhile, prices eased for food & non-alcoholic beverages (0.41 percent from 0.76 percent); and recreation & culture (0.41 percent from 0.53 percent). Also, cost of miscellaneous goods & services fell at a softer pace (-0.32 percent from -0.12 percent). On a monthly basis, consumer prices went up 0.1 percent.

2019-11-08
El Salvador Consumer Prices Fall for 3rd Month
Consumer prices in El Salvador declined 0.87 percent year-on-year in October 2019, after a 0.68 percent fall in September. It was the third straight decrease in consumer prices and the sharpest since December 2016, as cost dropped further in housing & utilities (-4.73 percent vs -2.13 percent in September); transport (-2.77 percent vs -2.76 percent) and miscellaneous goods & services (-0.12 percent vs -0.07 percent). Also, cost of restaurants & hotels slowed (0.52 percent vs 0.99 percent). In contrast, cost of food & non-alcoholic beverages rebounded (0.71 percent vs -0.16 percent); and prices advanced at a faster pace for recreation & culture (0.53 percent vs 0.36 percent) and alcoholic beverages & tobacco (2.82 percent vs 2.78 percent). On a monthly basis, consumer prices were unchanged, after decreasing 0.15 percent in September.

2019-10-08
El Salvador Consumer Prices Fall for 2nd Month
Consumer prices in El Salvador dropped 0.68 percent year-on-year in September 2019, following a 0.49 percent fall in the previous month. It was the second straight decline in consumer prices and the sharpest since December 2016, as cost went down further in food & non-alcoholic beverages (-0.16 percent vs -0.02 percent in August); housing & utilities (-2.13 percent vs -1.66 percent); transport (-2.76 percent vs -2.27 percent); miscellaneous goods & services (-0.07 percent vs -0.03 percent); and clothing & footwear (-1.69 percent vs -0.99 percent). Also, prices slowed for restaurants & hotels (0.99 percent vs 1.14 percent); recreation & culture (0.36 percent vs 0.56 percent); and alcoholic beverages & tobacco (2.78 percent vs 2.84 percent). Meanwhile, cost fell less for furnishings & household equipment (-0.8 percent vs -0.97 percent); and communication (-1.17 percent vs -1.39 percent). On a monthly basis, consumer prices decreased 0.15 percent, after dropping 0.36 percent in August.

2019-09-09
El Salvador CPI Falls for 1st time in Over 2 Years
Consumer prices in El Salvador fell 0.49 percent year-on-year in August 2019, following a 0.13 percent gain in the previous month. It was first deflation since January 2017, as cost dropped for food & non-alcoholic beverages (-0.02 percent vs 1.61 percent in July) and miscellaneous goods & services (-0.03 percent vs 0.05 percent). Also, prices went down further for housing & utilities (-1.66 percent vs -1.26 percent); and transport (-2.27 percent vs -1.42 percent). Additionally, cost of restaurants & hotels eased (1.14 percent vs 1.38 percent) and communication prices continued to fall (-1.39 percent, the same as in July). Meanwhile, prices decreased less for furniture, household goods & maintenance (-0.97 percent vs -1.03 percent) and clothing & footwear (-0.99 percent vs -1.02 percent). On a monthly basis, consumer prices fell 0.36 percent, after declining 0.26 percent in July.

2019-08-16
El Salvador Inflation Rate Falls to 2-1/2-Year Low
The annual inflation rate in El Salvador fell to 0.13 percent in July 2019, the lowest since January 2017, from 0.53 percent in the previous month. Prices rose at a slower pace for food and non-alcoholic beverages (1.61 percent vs 2.81 percent) and miscellaneous goods and services (0.05 percent vs 0.19 percent), while declines were seen in cost for housing and utilities (-1.26 percent vs -0.31 percent), transport (-1.42 percent vs -1.85 percent) and furniture, household goods and maintenance (-1.03 percent vs -0.99 percent).

2019-07-11
El Salvador June Inflation Rate Slows to 0.53%
The annual inflation rate in El Salvador fell to 0.53 percent in June 2019 from 0.8 percent in the previous month. Cost of housing & utilities declined (-0.31 percent vs 0.76 percent in May); and prices decreased further for transport (-1.85 percent vs -0.51 percent); clothing & footwear (-1.12 percent vs -1.10 percent); furnishings (-0.99 percent vs -0.69 percent) and communication (-1.13 percent vs -0.87 percent). Additionally, cost eased for restaurants & hotels (1.2 percent vs 1.38 percent); and recreation & culture (0.08 percent vs 1.13 percent). On the other hand, prices rose at a faster pace for food & non-alcoholic beverages (2.81 percent vs 2.34 percent); miscellaneous goods & services (0.19 percent vs 0.10 percent); and health (0.44 percent vs 0.22 percent). On a monthly basis, consumer prices went down 0.14 percent, after increasing 0.12 percent in the prior month.


El Salvador Inflation Rate
In El Salvador, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (26.3 percent of total weight). Housing and Utilities accounts for 12.4 percent; Transport for 12 percent; Restaurants and Hotels for 8.2 percent; Furniture, Household Goods and Maintenance for 7.8 percent and Miscellaneous Goods and Services for 7.7 percent. Recreation and Culture; Health; Clothing and Footwear; Communication; Education and Alcoholic beverages and Tobacco account for the remaining 25.6 percent of total weight.

El Salvador Prices Last Previous Highest Lowest Unit
Inflation Rate 0.01 -0.58 12.20 -2.25 percent [+]
Consumer Price Index CPI 112.31 112.17 113.02 48.44 points [+]
Producer Prices 116.06 116.51 183.94 95.92 points [+]
Producer Prices Change -0.04 0.51 27.69 -20.34 percent [+]
Inflation Rate Mom 0.10 0.10 2.97 -3.31 percent [+]
Food Inflation 1.20 0.76 10.13 -5.57 percent [+]
Core Consumer Prices 105.79 105.86 106.07 100.00 points [+]
Core Inflation Rate -0.03 0.03 2.74 -1.37 percent [+]
Cpi Housing Utilities 134.93 134.04 208.60 85.46 points [+]
CPI Transportation 108.79 109.47 118.26 94.18 points [+]