The Secretaría Ejecutiva del Consejo Monetario Centroamericano (SECMCA) has released its monthly inflation report for september 2024, highlighting an interannual inflation of 2.35% for the Centroamérica y República Dominicana (CARD) region. This figure represents a reduction of 0.56 percentage points compared to the previous month, reflecting a trend of inflationary deceleration in the region.
In cumulative terms, the inflationary variation for the first nine months of the year was 1.63%, while the average inflation for this period showed a slight deceleration of -0.08 percentage points. These data confirm a stability in prices that is key to the economic growth of the region.
For El Salvador, this inflationary slowdown is particularly beneficial, as it promotes a more favorable economic environment for consumption and investment, allowing companies to better plan their operations and families to improve their purchasing power. In addition, more stable prices favor the attraction of new foreign investments and tourism, key sectors for the country’s economic development.
At the regional level, the drop in inflation also boosts Central American economic integration, as it facilitates trade between the member countries of the Sistema de Integración Centroamericana (SICA). With controlled inflation, the nations of the region can strengthen their trade relations and improve the competitiveness of their exports in international markets.