Macroeconomic Forecast El Salvador

Consumer price inflation (CPI) in El Salvador remained on a downward trajectory in September, dropping 0.2% m-o-m, marking the third straight month of negative price growth. The year-on-year measure, too, remained negative at 1.3%, up slightly from the -1.6% y-o-y seen in August. This is largely in line with our end-2009 projection for -0.7% headline CPI, and we currently see an end-2010 inflation rate of 3.1%.

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