The Central Reserve Bank (BCR) confirmed in its latest report that the month of February of this year, El Salvador closed with a lower inflation rate of 0.80 percent, being the lowest recorded in the last three years.
As explained by BCR economists, in February 2021 El Salvador registered an inflation drop of 1.06%, but now inflation is less than 1.0%, which is very good for the country and its citizens.
Along the same lines, it was said that between January and February there was a decrease in inflation of 0.40% points, since January closed with 1.20% and February with 0.80%. which results in minus 0.40%, which indicates that El Salvador consolidates a sustainable rhythm in the last 18 months.
The BCR records detail that in August 2022 the inflation indicator was 7.66% and from there it began to decrease until reaching 0.80% in February.
This information is consistent with the opinion poll that was carried out in February, where the population stated that their economic situation had improved compared to the previous year, because they acquired goods and services more cheaply. Another factor is that the security and tourism climate improved in El Salvador.
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