Consumer prices in El Salvador declined 0.4 percent year-on-year in September 2020, following a 0.3 percent fall in the previous month. Cost of recreation & culture dropped (-0.3 percent vs 0.1 percent in August), while prices slowed for food & non-alcoholic beverages (1.4 percent vs 2.1 percent); alcoholic beverages & tobacco (1.7 percent vs 3 percent); health (1.1 percent vs 1.2 percent); and miscellaneous goods & services (1.8 percent vs 2.1 percent). On the other hand, cost fell less for transportation (-4.8 percent vs -5.1 percent); housing & utilities (-4.3 percent vs -4.6 percent); and communication (-0.9 percent vs -1 percent). Also, prices of clothing & footwear rebounded (0.7 percent vs -0.3 percent). On a monthly basis, consumer prices went down 0.2 percent, after a 0.6 percent decrease in the prior month.
Inflation Rate in El Salvador averaged 3.06 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 October of 2020.
Inflation Rate in El Salvador is expected to be 0.20 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 0.50 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.