The monthly behavior of prices from December 2018 to December 2020 shows in this last month an increase in prices. This rise is mainly due to the increase in prices in housing rent, propane gas, furniture and household accessories, which directly impacted the IPC, highlights the document.
In December 2020, positive price variations in nine divisions drove monthly inflation upwards, with housing, water, electricity, gas and other Fuels standing out with 0.42% and furniture, household and household maintenance Items with 0.75%, due to the increase in prices of housing rental, propane gas, furniture and household accessories, according to the official report.
Another data highlighted by Digestyc is that the average cost of the basic food basket (CBA) in the urban area in El Salvador remained above $202 in 2020, the highest value in the last 19 years.
The institution, a division of the Ministry of Economy (Minec), records the monthly cost of the basic urban and rural food basket, an indicator used to measure extreme and relative poverty in countries, as it identifies the economic capacity of households to buy the food necessary to carry out an activity.
The CBA is the minimum calorie intake necessary to perform a job and in El Salvador the price of the daily ration per person is calculated to obtain the monthly cost. It is elaborated from the value of French bread, tortillas, rice, meats, fats, fruits, vegetables, milk, among other foods.
Updated data in 2020 indicate that the annual average urban CBA was $202.59, the highest value in the Digestyc record dating back to 2001. This figure is also $2.59 (up 1.29%) higher than that recorded in 2019, at $200.
Digestyc data confirms that 2020 was the second consecutive year in which the cost of the basic basket remained above $200.
The value of the urban CBA started 2020 above $200, but suffered a sharp increase in May and June to reach $211.44. At that time, fruit and vegetable traders in La Tiendona, the largest supply center in El Salvador, warned of increases of up to 30% due to difficulties in importing after the reduction of agricultural labor in Guatemala and Honduras for fear of contagion.