Cost of school supplies down compared to 2023 prices
Written by Denis MuñozAccording to some school supplies vendors, prices have decreased compared to 2023 and it is expected that salvadorans will save a little with these new costs.
Losses of more than US$82 million in the 2023-2024 agricultural cycle
Written by Denis MuñozCorn and beans were the grains with the greatest losses in the 2023-2024 agricultural cycle, since all the adversities for the sector came together, such as: the high cost of inputs, labor shortages, the cost of land rental doubled, and natural phenomena that generated losses of more than US$82 million.
Bitcoin cryptocurrency starts the new year at US$45,000, the highest level since april 2022
Written by Karla GutiérrezAt midnight on january 1, 2024, the bitcoin cryptocurrency reached a value of over US$45,000, something that has not happened since april 2022.
The Dirección de Energía, Hidrocarburos y Minas has announced the prices of Liquefied Petroleum Gas (LPG) for the month of january 2024, showing a significant increase to december 2023 prices.
Ministry of Labor's Employment Tour has helped hundreds of salvadorans obtain new jobs
Written by Denis MuñozThe minister of Labor Rolando Castro has visited the entire country promoting the Gira por el Empleo with businessmen and subsequently obtaining the hiring of new human talent that will contribute to the economic growth of El Salvador.
Defensoría del Consumidor activates investigative process after price increase in the basic food basket
Written by Denis MuñozRicardo Salazar, president of the Defensoría del consumidor, after the deployment of inspections in different commercial points of the country, informed that since last week high prices have been found due to speculation in some fruits and vegetables. Therefore, an investigation process has been activated against suppliers engaged in the import, production and marketing of tomatoes, carrots, beets and cucumbers.
El Salvador went from 7.32% inflation in 2022 to 2.11% in november 2023
Written by Denis MuñozPrice inflation in El Salvador remains with an annual margin of 2.11%, which is 5.22 percentage points less than the one registered in 2022 that stood at 7.32%. This implies a lower price compared to last year.
Fines amount to more than US$240 thousand for speculation and unjustified price increases according to the DC
Written by Denis MuñozAt a national level to protect the pockets of salvadorans, teams from the Defensoría del Consumidor, inspect wholesale and retail stores, in order to avoid speculation and unjustified price increases in vegetables and fruits.
What is inflation and how does it affect day-to-day life?
Written by Miguel CrespinIn the modern economy, the prices of goods purchased daily or of services used tend to change with some frequency. Inflation refers to the increase in the prices of goods and services over a period, or in other words, the decrease in the value of money with respect to the amount of goods and services to be purchased with it.