El Salvador’s government-led economic strategies allowed the country to close last year with an inflation rate of 7.2%, the lowest in Central America and the third lowest in Latin America, according to the Central Reserve Bank (BCR). Seguir leyendo El Salvador Closes 2022 with Lowest Inflation in the Region.
According to the Vice Minister of Agriculture, Óscar Domínguez, sales in 2023 have already exceeded $150,000 in 27 establishments. Seguir leyendo Producers sold $1.5 million in Agromercados in 2022.
Government strategies to alleviate the pockets of Salvadorans continue to be effective. Seguir leyendo In El Salvador, fuel prices will remain fixed until December
Fuel pricing is in its sixth month and has represented significant savings for drivers. Seguir leyendo Salvadoran drivers save $40 a month on fuel
The president of the Consumer Protection, Ricardo Salazar, assured that in the verifications they have identified that several products in the basic basket have dropped in price and have stabilized, benefiting the pockets of Salvadorans. Seguir leyendo Eggs, beans, corn, and dairy products have steady prices in El Salvador
The administration of President Nayib Bukele has announced a possible extension of the validity of the fuel subsidy measures, given the projections of rising oil prices. Seguir leyendo The Salvadoran government prepares for possible increases in the price of oil
This product is supported by two subsidies, with which the government estimates that families have saved up to $53 million between March and July. Seguir leyendo Salvadoran families saved $53 million on propane gas in four months
The 11 measures promoted by the government to avoid negative effects in the face of inflation due to external factors such as the war between Russia and Ukraine have translated into direct benefits for the population in their four months of validity. Seguir leyendo Salvadorans save $2.2 million a day in fuel payments thanks to the measures against inflation
The elimination of the tariff on meat imports into the national territory will be valid until March 2023, confirmed the Minister of Economy, María Luisa Hayem, when reporting on the work of the Government of President Bukele to combat the effects of the global crisis. Seguir leyendo Beef will have a duty exemption in El Salvador until March 2023
The President of the Republic, Nayib Bukele, highlighted the publication of an opposition newspaper, where he highlighted that El Salvador is the only country in the region where inflation slowed down in April.
“El Salvador was the only country in the region where inflation slowed down between March and April, as confirmed by data from the latest report published by the Central American Monetary Council (SECMCA),” the newspaper said. Seguir leyendo El Salvador is the only country in the region where inflation slowed in April