Inflation in El Salvador
El Salvador - InflationSlowing for the third consecutive month, economic activity growth sank to an 11-month low in February, weighed on by a sharper contraction in the agriculture sector and a significant slowdown in the industrial and construction sectors. The economy will have only deteriorated since February, as the government imposed a national lockdown in mid-March, under which only essential workers can leave their homes for work and most travel is banned, and remittances fell year-on-year in March–April. To help mitigate the financial costs of the pandemic, the government has issued a one-off payment of USD 300 to most households. Meanwhile, to support the government’s finances, the World Bank loaned the government USD 20 million on 17 April and the IMF provided USD 389 million of financial assistance on 14 April. On the political front, uncertainty has increased, as President Bukele extended the state of emergency on 16 May without congressional approval, prompting the Supreme Court to suspend the extension on 18 May.
El Salvador - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.7||0.6||1.0||1.1||0.1|
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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