Saturday, 27 April 2024 01:26

Food prices increased according to UFG survey

Written by Karla Gutiérrez

In a recent survey conducted by the Universidad Fráncico Gavidia titled: “Estudio de humor social y político” where the economic situation of salvadorans is reflected, it can be observed that the cost of living and food have increased, and economic income is very low.

The type of study is quantitative, in which people older and equal to 18 years of age were taken as reference; there were 1,233 effective ballots at national level, which have a 95% confidence level, with a sampling error ±2.8%.

Within the study, when salvadorans were asked, “according to your economic situation, where do you perceive the greatest problems?” the majority pointed to the high cost of food with 32.2%.

Among the other problems expressed by the respondents were the cost of medicines with 15.3%; services with 14.8%; housing 10.7%; transportation and derivatives 6.3%; financial or banking costs 5.9%; new economic needs 4.6% and the cost of education 4.3%.

We can also find the question “What is the approximate monthly income of your family (including remittances)"?

18.3% of the sample receives less than US$211; 29.1% responded that the income was between US$211 and US$350; 25.5% said they have income between US$351 and US$500; 9.2% of the respondents receive between US$501 and US$700; 4.5% receive income between US$701 and US$1000 and 2.6% have income greater than US$1,000.

The following question was also asked: How is your economic situation?

58.7% responded that it was fair; 21.9% said it is good, while 15.4% said they were in a bad financial situation; 3.6% said they were excellent and 0.3% did not respond.

It is important to emphasize that, for february 2024, the overall CPI index was 130.00, showing a monthly variation of 0.19%, supported by increases in Transportation, Restaurant and hotels, Clothing and footwear and Health, while Recreation and culture and Food and non-alcoholic beverages, register the main monthly decreases.

For the second month of 2024, a lower monthly variation is observed compared to february 2023, where growth was 0.59% (mainly explained by increases in Food and non-alcoholic beverages and Transportation).

The divisions that present positive monthly variations of greater magnitude are Transportation with 1.93% (fuels and air travel), Restaurants and hotels with 0.33% (Pupusas, tamales and breakfast); and apparel and footwear with 0.23% (Children's T-shirt, women's underwear and sock and stocking).

 

Translated by: A.M