The statistics base of the Central Reserve Bank (BCR) indicates that at the end of March 2024, inflation in El Salvador marked a rate of 0.77%, this means that it is the second time that it has fallen, by a value below 1%.
Following the latest data, El Salvador accumulated 19 months of sustained decline, making the country one of the least affected regions in the economy, ranking second after Costa Rica, which registered 0.28%.
The president of the BCR, Douglas Rodríguez, highlighted that this trend also positions the country as the second smallest on a Latin American scale.
“The average inflation in Latin America is 3.3%, and that of El Salvador continues to be lower than this average,” Rodríguez detailed in the 2023 economic growth report, which was presented last month.
In addition, so far this year, the BCR reported a rate of 1.20% in January 2024, 0.80% in February, and 0.77% in March.
“The continuous slowdown in the prices of goods and services was one of the main drivers of the economy last year, along with factors such as security and tourism,” commented the president of the BCR.
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