Consumer Prices for El Salvador
SLVPCPIEPCH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.80
Year-over-Year Change
310.96%
Date Range
1/1/1980 - 1/1/2030
Summary
The Consumer Prices for El Salvador index measures changes in the cost of a basket of consumer goods and services in El Salvador. It is a key indicator of inflation and an important metric for policymakers and economists.
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
The Consumer Prices for El Salvador index is a widely-used economic indicator that tracks the average change over time in the prices paid by consumers for a market basket of consumer goods and services. It is a primary measure of inflation in the Salvadoran economy.
Methodology
The data is collected by the Central Reserve Bank of El Salvador through surveys of household expenditures.
Historical Context
Policymakers and central banks closely monitor consumer price trends to guide monetary and fiscal policies.
Key Facts
- El Salvador's consumer price index has a base year of 2010.
- The index covers a range of consumer goods and services, including food, housing, and transportation.
- Consumer price data for El Salvador is reported on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: The Consumer Prices for El Salvador index measures changes in the cost of a basket of consumer goods and services purchased by households in El Salvador.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation in the Salvadoran economy and is closely watched by policymakers, economists, and investors to assess the country's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the Central Reserve Bank of El Salvador through surveys of household expenditures.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use consumer price data to guide monetary and fiscal policies aimed at maintaining stable inflation and supporting economic growth.
Q: Are there update delays or limitations?
A: The consumer price data for El Salvador is reported on a monthly basis with minimal delay.
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Citation
U.S. Federal Reserve, Consumer Prices for El Salvador (SLVPCPIEPCH), retrieved from FRED.