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Total loans over one year increased 8.5% as of may 2022
Written by Evelyn Alas
The Cámara de Comercio e Industria de El Salvador (Camarasal), explained that total credits, as of may 2022, presented an increase of 8.5% compared to the same month of the previous year, and particularly those destined to the productive sector grew 49.5% for the same period.
Commodity price hikes affect salvadoran consumers' pockets
Written by Evelyn Alas
The Cámara de Comercio e Industria de El Salvador (CAMARASAL), expressed in a press conference that El Salvador, like many other countries, is experiencing imported inflation, as it is strongly related to external factors, such as the rise in commodities prices, as a result of Russia's invasion of Ukraine, and problems in the supply chain.
The President of the Banco Central de Reserva BCR), Douglas Rodriguez, affirmed in a morning interview that El Salvador is one of the countries in the Central American region that has an inflation rate of 7.5%.
Salvadorans will be able to purchase their 25 lb. gas cylinder at US$11.13 in july
Written by Evelyn Alas
The Ministerio de Economía (MINEC), informs that the cost for the 25 pound gas cylinder will remain at US$11.13 for the consumer during the month of july, but with the benefit of the subsidy its value will be US$3.09.
Mesa de Panificadores says price increase in bread expected
Written by Evelyn Alas
The Mesa Nacional de Panificadores Artesanales, affirms that due to the price increases in flour prices will affect the cost and size of French bread.
A contingent of 300 salvadorans will be sent in july to work in Canada
Written by Evelyn Alas
The Minister of Labor, Rolando Castro announced in a press conference that by july a contingent of 250 to 300 salvadorans will be sent to work in Canada.
Central Government assures that fuel prices will remain fixed until august
Written by Evelyn Alas
According to authorities of the Ministerio de Economía (MINEC), a new increase in fuel prices is expected, exceeding US$6 per gallon for super, regular and diesel gasoline.
CABEI has consolidated its position as a reference for economic development in the region
Written by Evelyn Alas
Promoting the competitiveness of the region's productive and economic sectors in accordance with its institutional mandate to promote the integration and balanced economic and social development of the countries, the Central American Bank for Economic Integration (CABEI) has held meetings with key economic agents of its member countries throughout the first six months of the year.
Strong increases in prices of basic food basket items
Written by Evelyn Alas
In a survey conducted by Dinero.com.sv, traders say that the prices of several products of the basic food basket have increased in the last months, such as potatoes, tomatoes, onions, green chili, eggs, basic grains and meats.