Inflation in El Salvador
El Salvador - InflationAnnual economic growth slowed in Q2, primarily on a slump in private consumption growth and lower government consumption. In contrast, fixed investment and export growth accelerated, supporting the headline figure. Turning to Q3, economic growth should have picked up slightly, as suggested by a higher remittance growth rate in July–August compared to Q2. Moreover, in July, economic activity increased from the same month a year earlier at a faster pace than in June. Meanwhile, as El Salvador has historically suffered from high violent crime rates, a recent notable reduction in this crime bodes well for the economy, as it should support business confidence. In politics, the government recently unveiled the cautious 2020 budget, which will see a spending reduction compared to the 2019 budget. However, panelists still see the fiscal deficit unchanged next year.
El Salvador - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.8||1.1||-0.7||0.6||1.0|
5 years of economic forecasts for more than 30 economic indicators.
El Salvador Inflation Chart
Source: General Statistics Office.
El Salvador Facts
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