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Saturday, 18 May 2024 03:59

El Salvador ranks among the countries with lowest inflation in LATAM

Written by Denis Muñoz
El Salvador ranks among the countries with lowest inflation in LATAM Courtesy

In the ranking of the 18 countries with the highest and lowest inflation in Latin America, El Salvador is among the last positions with an inflation of 0.86% so far in 2024, according to Bloomberg's economic portal.

According to the ranking, Argentina is the country with the highest inflation in LATAM with an elevation rate of 65%, although the South American country has managed to lower its annual inflation, it is still at the top of the list.

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In second place is Venezuela with 10.9% inflation, followed by Colombia with 3.34%, Uruguay 2.84%, Paraguay 2.8%, Chile 2.2%, Nicaragua 1.96%, Ecuador 1.79%, Honduras 1.69% Peru 1.54%, Mexico 1.48, Bolivia 1.31%.

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In 14th place is El Salvador with an inflation rate of 0.86% followed by Guatemala with 0.77%, Dominican Republic with 0.68%, Panama with 0.59% and the last on the list is Costa Rica with an inflation rate of 0.01%.

To make these measurements, the inflation rates of the GDP deflator (Gross Domestic Product) and the Consumer Price Index (CPI) have been considered.

 

Translated by: A.M

Published in Breaking News
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