Tuesday, 09 November 2021 01:13

CDC indicates that El Salvador is at an economic inflation rate of 4.6%.

Written by Evelyn Alas

The Centro para la Defensa del Consumidor (CDC), indicated that El Salvador is in an economic inflation of 4.6%, being one of the countries most affected by the deficit of internal agricultural production and the lack of measures for the generation of products of the basic food basket.

Inflation is the economic process caused by the existing imbalance between production and demand; it causes a continuous rise in the prices of most products and services, and a loss of the value of money to be able to acquire or make use of them.

The director of the CDC, Danilo Pérez indicated that El Salvador is in a strong inflationary situation, being the country with the highest inflation in the whole Central American region and in relation to the last 9 months of the year, followed by Guatemala and Costa Rica has the lowest inflation average of 2%.

He also said that the price of oil and its derivatives are impacting the country's supply chain, he also noted that another factor that affects are the high prices of products worldwide.

In addition, he expressed that, from may to september 2021, the prices of some products of the basic basket have increased exponentially due to the increase of fuels.

In the inputs for the bread process, for example, butter used to cost US$26.00 per 50 pound box and now it is costing US$41.00, an increase of 57%, strong and soft flour have an increase of 17%, oil used to cost US$0.77 and now it costs more than US$1.00.