Since august 2021, such a variation was not seen in the general index. However, even subcategories such as basic services and footwear, among others, showed stability and their prices did not change even 2%.

As for food, the Banco Central also reported a shift towards moderation, with levels resembling those of 2022.

The measures to combat the escalation of prices that came as an effect of the global situation protected consumers from a stronger impact.

Without the measures, for example, a gallon of gasoline would have risen last year to more than US$6, or a cylinder of gas would have been more expensive than US$10 per unit.

Thanks to the fact that all institutions were involved in cushioning the real effect of global inflation, El Salvador managed to maintain one of the lowest price levels in the region.

The Defensoría del Consumidor y la Dirección General de Energía, Hidrocarburos y Minas (DGEHM) maintain inspections to service and goods suppliers, to avoid any abuse affecting consumers. It is important to note that, according to the Bank's database, the downward trend in the general index began in january of this year.

The minister of Economy, María Luisa Hayem, added that they are working to develop and provide tools to all innovative entrepreneurs. This is how they have created a digital platform, which allows companies to publicize the products and services they offer. Also, to promote important laws for the technology sector.

Translated by: A.M