Consumer Price Index for El Salvador
DDOE02SVA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.95
Year-over-Year Change
30.38%
Date Range
1/1/1960 - 1/1/2017
Summary
The Consumer Price Index (CPI) for El Salvador measures the change in the prices of a basket of consumer goods and services over time. It is a key indicator of inflation and an important metric for economic policymakers.
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 CPI for El Salvador is a widely-used economic indicator that tracks the change in the purchasing power of the Salvadoran currency. It is based on the prices of a representative sample of consumer items and services, providing insights into the cost of living and underlying inflationary pressures.
Methodology
The CPI data is collected through regular surveys of retail prices in urban areas of El Salvador.
Historical Context
The CPI is closely monitored by the Banco Central de Reserva de El Salvador and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- El Salvador's CPI is published monthly by the Dirección General de Estadística y Censos.
- The CPI basket includes over 300 representative goods and services consumed by Salvadoran households.
- The base year for the current CPI series is 2014.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for El Salvador measures the changes in the prices of a fixed basket of consumer goods and services over time.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and cost of living in El Salvador, providing important insights for economic policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The CPI data is collected through regular surveys of retail prices in urban areas of El Salvador.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the Banco Central de Reserva de El Salvador and other policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI for El Salvador is published monthly with a short delay, providing timely insights into inflationary trends.
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Citation
U.S. Federal Reserve, Consumer Price Index for El Salvador (DDOE02SVA086NWDB), retrieved from FRED.