The annual inflation rate in El Salvador rose to 7.48% in May of 2022, from 6.55% in the previous month. It was the highest reading since September of 2008, as prices accelerated sharply for food & non-alcoholic beverages (13.28% vs 10.89% in April). Additionally, prices rose at a steep pace for furnishings, household equipment & household maintenance (9.14% vs 8.19%); miscellaneous goods & services (7.29% vs 6.56%); and recreation & culture (8.11% vs 7.57%). On a monthly basis, consumer prices went up 0.9%, the biggest increase since 2015. source: Dirección General de Estadística y Censos - DIGESTYC
Inflation Rate in El Salvador averaged 3.08 percent from 1994 until 2022, 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 June of 2022.
Inflation Rate in El Salvador is expected to be 7.18 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the El Salvador Inflation Rate is projected to trend around 3.00 percent in 2023, according to our econometric models.