Monday, 14 November 2022 15:35

Urban sector with strong 22% increase in price of basic food basket to september 2022

Written by Evelyn Alas

According to the recent study "3rd Country Situation Report 2022" by Universidad Francisco Gavidia (UFG), there is a strong increase in the price of the basic food basket, especially in rural areas.

The basic food basket increased US$32.35 (22.0%) from january to september 2022.

And it increased US$37.84 (26.7%) between december 2020 and september of this year.

Población preocupada por aumento de precios de canasta básica, según  encuesta UCA – Arpas

Only in this rural sector live most of the poor families in the country, with greater complications to acquire food and have a healthy diet.

In the case of the urban area, the basic food basket increased US$33.52 (16.3%) in the year to september of this year and increased US$40.81 (20.6%) between december 2020 and september 2022.

Unos 20 productos de la canasta básica aumentan de precio

Likewise, the study details that the increases in the prices of the basic food basket have boosted the growth of poverty and only in 2020 in El Salvador the low income sector increased 26.8% and in Latin America and the Caribbean 26.8%.

La canasta familiar no debería tener IVA”, dice el presidente de la SAC -  América Retail

Also, the World Bank stated last october that poverty in the salvadoran nation increased by 4.6% percentage points between 2019 and 2020.

However, estimates indicate that poverty would have increased by as much as 7.6% percentage points without the mitigation measures implemented by the Central Government. Inequality is expected to have increased from 0.38% to 0.39%.