Annual inflation as of may 2022 with respect to 2021 reached 7.5% according to the Banco Central de Reserva (BCR).
The food and non-alcoholic beverages component has been the one that has experienced the highest inflationary increase of 13.3, which points to the fact that the salvadoran population is finding higher prices in markets and supermarkets for most food products.
The trade association, months ago, explained that the elimination of the import tax on about 20 products of the basic food basket would have a modest or almost no effect on price reduction.
This is due to the fact that many of these products traditionally come from Central American countries that already have an import tax exemption thanks to the free trade agreements in force.
The annual inflation rate of miscellaneous goods and services in 2021 was 1.8 and in 2022 7.3, restaurants and hotels last year was 2.7 and 7.1.
A commodity can also be defined as a basic good that is homogeneous among the companies that produce it.