BCR indicates that inflation for july was 1.78%

The Banco Central de Reserva (BCR) has updated El Salvador’s inflation figures for the month of july 2024, indicating that the index reached 1.78%. This figure represents a significant increase over the 1.48% registered in June of this year. The increase in the inflation rate reflects a change in the country’s economic dynamics.

The sectors most affected by this rise in inflation are food and non-alcoholic beverages, as well as restaurants and hotels. In the area of food and non-alcoholic beverages, prices have shown an upward trend that has directly impacted consumer spending, reflecting additional pressure on budgets.

The restaurant and hotel sector has also experienced a notable increase in its prices, which has contributed to the overall increase in inflation.  The upward trend in inflation during july is above the BCR’s target range for 2024, which it estimates to be between 1% and 1.4%.