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Displaying items by tag: increase
Price of the basic urban basket as of january 2023 increased US$31.59 and the rural basket US$30.13
The director of the Centro para la Defensa del Consumidor (CDC), Danilo Perez, explained that in january 2021 the basic food basket in the urban sector cost US$199.24, in january 2022 it cost US$213.43 and by january 2023 it increased to US$245.02, and the last price of the urban one has just been updated to US$249.70.
ISSS affirms that enrollment of new contributors to the formal sector increased 7% in january 2023
Data from the Instituto Salvadoreño del Seguro Social (ISSS) show that the enrollment of new workers increased 7% in january 2023 compared to the same month of 2022.
Fertilizer price hikes could increase food insecurity in Central America
The World Bank explains that before the Russia-Ukraine conflict, Central America imported fertilizers from Russia, Belarus or Ukraine and this has had a direct impact on local fertilizer prices in this part of the region.
The amount of the february 2022-2023 accounts increased US$353 million
The Superintendencia del Sistema Financiero (SSF), informs that the amount of savings accounts in the banking sector presented an interannual increase of US$353.6 million as of february 10, allowing the availability of financing for investment in the country.
ISSS reported an increase of 103,029 people enrolled in the formal labor sector
According to the Ministerio de Economía (MINEC), El Salvador has reached unprecedented levels in formal employment and in the contribution of local private investment.
International price of Arabica coffee increased to US$159 per quintal
The Consejo Salvadoreño del Café (CSC), informed that Arabica coffee prices rose yesterday monday in a volatile session. Despite negative factors on the supply side, there is support from speculative buying.
Fuel prices increase between US$0.29 and US$0.16 nationwide
The Ministerio de Economía (MINEC), informs salvadorans the reference prices of fuels that will be in effect from january 24 to february 6, 2023.
Electric power generation increased 56% in 2022 thanks to INE
Inversiones Energéticas (INE), informed through its Twitter account that in 2022 the generation of electric energy increased by 56% compared to the previous year. Due to the fact that they injected to the salvadoran electric system a total of 106,718 MWh, being of great importance during peak demand hours.
Lodging and food services suffered price increases of 0.27% as of december 2022
The Banco Central de Reserva (BCR), shows in its macroeconomic data that the Producer Price Index (PPI), for december 2022 was 128.78 with a monthly variation of 0.27% resulting from the increase in prices in eight of the thirteen sections that comprise the main indicator, accommodation and services activities.
30% increase in the pension account will be reflected as of january 2023
The President of the Banco Central de Reserva (BCR), Douglas Rodriguez, explained in a morning interview that in January 2023 pensioners will see reflected in their savings account the payment of the 30% increase, a reform that was approved in december 2022.