Inflation El Salvador 2024
Average inflation: 0.9%
Current Inflation
Inflation is very low at 0.9%, well below the ECB target.
Peak and Trough
The highest inflation was in July at 1.8%. The lowest inflation was in November at -0.3%.
- Highest month
- July: 1.8%
- Lowest month
- November: -0.3%
- Difference
- 2.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 2.0%. The lowest price increase was in Core inflation with an average of 0.7%.
- Highest increase
- Food: 2.0%
- Lowest increase
- Core inflation: 0.7%
Historical Context
Current inflation is 2.2% lower than the 5-year average of 3.1%.
- 5-year average
- 3.1%
- 10-year average
- 2.6%
- All-time high (2022)
- 7.2%
- All-time low (2020)
- -0.4%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +3.2 percentage point.
- Change vs. previous year
- -3.2 percentage points
- Largest monthly swing
- February: -6.0 percentage points
ECB Target
Inflation is 1.1% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 1.2% | -5.8 |
| February | 0.8% | -6.0 |
| March | 0.8% | -5.3 |
| April | 1.1% | -4.3 |
| May | 1.4% | -3.0 |
| June | 1.5% | -2.3 |
| July | 1.8% | -1.5 |
| August | 1.2% | -1.9 |
| September | 0.6% | -2.4 |
| October | -0.1% | -2.8 |
| November | -0.3% | -2.4 |
| December | 0.3% | -0.9 |
| Average | 0.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.