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Saturday, 16 December 2023 04:23

El Salvador maintains low inflation in Latin America

Written by Miguel Crespin
El Salvador maintains low inflation in Latin America Courtesy

El Salvador remains a country with low inflation in Latin America and in a list published by the financial advisory company Bloomberg it is ranked 14th out of 17 countries whose inflation levels have been compared.

The country in 2023 has registered according to Bloomberg a price increase of 2%, below that threshold are Bolivia with a price increase of 1.4%, Ecuador at an umbra of 1.37% and Costa Rica which has had a deflationary economy so far this year, so the price of goods and services have been falling at a rate of -1.81%.

The countries with the highest inflation in the region have been Venezuela and Argentina with 182.9% and 148.2% respectively, however, the situation for both countries is different because while Venezuela's inflation is going down, Argentina's is going up.

At the Central American level, the country with the highest price increase is Honduras with 4.65% in 2023, followed by Guatemala with 4.06% and Nicaragua with 3.98%.

 

 

Translated by: A.M

Published in Economy
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