El Salvador has emerged as a global leader in price stability, registering one of the lowest inflation rates in the world at -0.21%, according to recent data published by the international economic platform World of Statistics. The report highlights the nation’s deflation status, placing it at the bottom of a list featuring more than 40 countries.
In stark contrast, countries such as Venezuela (172%), Argentina (43.5%), and Turkey (35.41%) top the global inflation chart, while El Salvador joins Switzerland and China as the only nations with negative inflation, and stands out as the only Latin American country with sustained deflation in 2025.
President Nayib Bukele responded to the publication with a brief but impactful statement from his official X account, writing: «Step by step». The phrase is widely interpreted as a reaffirmation of his gradualist economic approach, which has focused on restoring long-term stability through structural reforms.
The President further clarified the causes behind the country’s deflation, attributing it to key government policies.
“In El Salvador, there is deflation because we are resolving bottlenecks, increasing productivity, lowering tariffs, eliminating intermediaries, and ending extortion,” Bukele stated.
These strategic measures are part of Bukele’s broader economic vision, introduced during his second presidential term, which prioritizes efficiency, competitiveness, and price accessibility for Salvadoran families. The country’s economic plan is currently centered on six key pillars, three of which—Food, Technology, and Logistics—are already underway.
As global markets continue to battle inflation, El Salvador’s deflation trend positions it as a model of fiscal discipline and structural reform in Latin America, attracting the attention of international analysts and policymakers alike.