Inflation, consumer prices for El Salvador
FPCPITOTLZGSLV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.85
Year-over-Year Change
-50.64%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Inflation, consumer prices for El Salvador' trend measures the changes in the prices of a basket of consumer goods and services in El Salvador. It is a key indicator of economic performance and a factor in policymaking.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the Consumer Price Index (CPI) in El Salvador, providing a comprehensive measure of inflation experienced by Salvadoran consumers. Economists and policymakers closely monitor this data to assess the country's economic conditions and adjust monetary and fiscal policies accordingly.
Methodology
The data is collected through surveys of prices paid by households for a representative basket of consumer goods and services.
Historical Context
Inflation trends are closely watched by the Central Reserve Bank of El Salvador and influence decisions on interest rates, exchange rates, and other economic policies.
Key Facts
- El Salvador adopted the US dollar as its official currency in 2001.
- Inflation in El Salvador reached a high of 6.7% in 2008 during the global financial crisis.
- The Central Reserve Bank of El Salvador aims to maintain inflation within a target range of 2-4%.
FAQs
Q: What does this economic trend measure?
A: The 'Inflation, consumer prices for El Salvador' trend measures changes in the prices of a basket of consumer goods and services in El Salvador, providing a comprehensive measure of inflation.
Q: Why is this trend relevant for users or analysts?
A: Inflation trends are a key indicator of economic performance and a crucial factor in policymaking, as they influence decisions on interest rates, exchange rates, and other economic policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by households for a representative basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: Inflation trends are closely watched by the Central Reserve Bank of El Salvador and influence decisions on monetary and fiscal policies to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with a typical delay of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for El Salvador (FPCPITOTLZGSLV), retrieved from FRED.