Inflation El Salvador 2023
Average inflation: 4.1%
Current Inflation
Inflation is high at 4.1%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 7.0%. The lowest inflation was in December at 1.2%.
- Highest month
- January: 7.0%
- Lowest month
- December: 1.2%
- Difference
- 5.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 7.9%. The lowest price increase was in Energy with an average of 1.5%.
- Highest increase
- Food: 7.9%
- Lowest increase
- Energy: 1.5%
Historical Context
Current inflation is 1.2% higher than the 5-year average of 2.9%.
- 5-year average
- 2.9%
- 10-year average
- 2.6%
- All-time high (2022)
- 7.2%
- All-time low (2020)
- -0.4%
Trend
Inflation has remained relatively stable. Compared to 2022, the difference is minimal (-3.1 percentage point).
- Change vs. previous year
- -3.1 percentage points
- Largest monthly swing
- December: -6.1 percentage points
ECB Target
Inflation is 2.1% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 7.0% | +0.5 |
| February | 6.8% | +0.1 |
| March | 6.1% | -0.6 |
| April | 5.4% | -1.1 |
| May | 4.4% | -3.1 |
| June | 3.8% | -4.0 |
| July | 3.3% | -4.1 |
| August | 3.1% | -4.6 |
| September | 3.0% | -4.5 |
| October | 2.7% | -4.8 |
| November | 2.1% | -5.2 |
| December | 1.2% | -6.1 |
| Average | 4.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.