A. M. El Salvador closed 2024 with the lowest inflation in Central America and the Dominican Republic, registering only 0.29%, according to the Monthly Regional Inflation Report of the Secretaría del Consejo Monetario Centroamericano (SECMCA).
This result reflects price stability in the country, in contrast to the regional average of 2.23%.
At the Central American level, inflation showed a deceleration with respect to 2023, when it stood at 3.11%. However, El Salvador stood out for its low inflationary level, followed by Costa Rica with 0.84%. At the other extreme, Honduras registered the highest rate with 3.88%.
Inflation control in El Salvador is a positive indicator for the economy, as it helps maintain the purchasing power of citizens and facilitates financial planning for households and businesses. It also contributes to the country’s macroeconomic stability.
This scenario takes place in a context of inflationary deceleration in the region, approaching pre-pandemic levels. On average, the reduction was 0.073 percentage points, which suggests a more stable behavior of prices in the countries of the bloc.
With these data, El Salvador consolidates its position as one of the countries with greater price stability in the region, a key factor for confidence in the economy and investment attraction.
You may also be interested in
SECMCA: El Salvador registered 2.60% in its ITCER index
