Displaying items by tag: increase
ISSS reported an increase of 103,029 people enrolled in the formal labor sector
According to the Ministerio de Economía (MINEC), El Salvador has reached unprecedented levels in formal employment and in the contribution of local private investment.
International price of Arabica coffee increased to US$159 per quintal
The Consejo Salvadoreño del Café (CSC), informed that Arabica coffee prices rose yesterday monday in a volatile session. Despite negative factors on the supply side, there is support from speculative buying.
Fuel prices increase between US$0.29 and US$0.16 nationwide
The Ministerio de Economía (MINEC), informs salvadorans the reference prices of fuels that will be in effect from january 24 to february 6, 2023.
Electric power generation increased 56% in 2022 thanks to INE
Inversiones Energéticas (INE), informed through its Twitter account that in 2022 the generation of electric energy increased by 56% compared to the previous year. Due to the fact that they injected to the salvadoran electric system a total of 106,718 MWh, being of great importance during peak demand hours.
Lodging and food services suffered price increases of 0.27% as of december 2022
The Banco Central de Reserva (BCR), shows in its macroeconomic data that the Producer Price Index (PPI), for december 2022 was 128.78 with a monthly variation of 0.27% resulting from the increase in prices in eight of the thirteen sections that comprise the main indicator, accommodation and services activities.
30% increase in the pension account will be reflected as of january 2023
The President of the Banco Central de Reserva (BCR), Douglas Rodriguez, explained in a morning interview that in January 2023 pensioners will see reflected in their savings account the payment of the 30% increase, a reform that was approved in december 2022.
Price per pound of cheese increased US$1.10 in recent months
In recent days salvadorans have reported a high increase in the prices of some dairy products, for example: the cost per pound of soft hard cheese which used to be US$2.60 to US$2.80 and now is between US$3.70 and US$4.00.
Total airline revenues could increase 93% by 2023: IATA
According to the International Air Transport Association (IATA), by 2023, total airline revenues could increase to an estimated 93% of the pre-pandemic level, driven by a recovery in passenger traffic.
Commission in favor of creating a law that will increase salvadoran pensions by 30%.
The Ad Hoc Commission issued favorable opinions to the Law for the creation of the del Instituto Salvadoreño de Pensiones (ISP) and the Special Law for the Issuance of Pension Obligations Certificates and Dissolution of the Fideicomiso de Obligaciones Previsionales (FOP).
Inflation in Latin America from january to july increased 12.4%: ECLAC
The Economic Commission for Latin America and the Caribbean (ECLAC), the Food and Agriculture Organization of the United Nations (FAO) and the World Food Program through a statement released that in Latin America food inflation has accelerated more than general inflation since 2020.