Wednesday, 07 September 2022 15:01

DC reports 14% price increase in groceries

Written by Paty Salinas

In view of the economic measures implemented by the Government of El Salvador, Ricardo Salazar, President of the Defensoría del Consumidor, stated that inflation in El Salvador closed july at 7.5%, while in Guatemala it reached 8.4%, 10.9% in Honduras and 11.5% in both Costa Rica and Nicaragua.

These results are also reflected in the food price inflation indexes. Thus, the country registers a food inflation rate of 14.2 %, slightly above Guatemala, which registers an increase of 12.7 %, while in Honduras it is 16.5 %, in Nicaragua 18.3 % and in Costa Rica 21.1 %.

For the official these results have played a determining role the temporary suspension of tariffs on imports of more than 20 products, including food and agricultural inputs, as well as the stabilization of fuel prices, which has generated a direct impact on the costs of moving goods.

In this regard, he also recalled that El Salvador has the lowest fuel prices in Central America. An example of this is the price per gallon of premium gasoline, which in the country is $4.31, while in Panama it is $4.32, $4.61 in Guatemala, $4.75 in Honduras, $5.15 in Nicaragua and up to $6.52 in Costa Rica, said the official.

Likewise, he said that the country also has the lowest prices in the region for liquefied petroleum gas, essential for food preparation, thanks to the increase in the subsidy and the expansion of its coverage, which has allowed the 25-pound cylinder to cost $3.09, while in Honduras it is $9.73, $12.24 in Nicaragua, $14.73 in Costa Rica and $15.77 in Guatemala.

The Defensoría del Consumidor continues with its inspection plan. To date, more than 122 thousand price verifications have been carried out nationwide, which have contributed to price stability and prevented hoarding of products in various sectors.

Of the total number of inspections, 83,462 correspond to the food sector. According to the official, the inspections of basic grains importers and traders have identified sufficient stocks of products in the country.