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In august 2024, the monthly inflation of the Producer Price Index (IPP) in El Salvador was 0.25%. This increase brought the General Producer Price Index to 133.69 points, marking a slight increase over the previous month. The electricity, gas, steam and air conditioning supplies section played a crucial role in mitigating the negative impact of the manufacturing industry on the general index.
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According to the report of the Oficina Nacional de Estadísticas y Censos (ONEC) of the Banco Central de Reserva (BCR), seven of the thirteen categories registered increases. The category with the highest increase was education, with an increase of 0.93%. Increases were also observed in transportation (0.68%), telecommunications (0.61%) and manufacturing industry, which, although modest, showed an increase of 0.18%.
Some activities remained without variation in their prices. Real estate activities, water supply and health activities did not experience significant changes, indicating stability in these sectors amid fluctuation in others.
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As for decreases, declines were reported in gas supply with 0.92%, followed by administrative services (0.02%) and service activities (0.01%). These declines reflect the diversity of behavior in the prices of products and services in the country, which contributes to the complexity of the current economic analysis.