LatinNews Daily - 13 April 2022

In brief: Inflation ticks up in El Salvador

* El Salvador’s central bank (BCR) has published the latest consumer price index (IPC) showing that monthly inflation stood at 0.81% in March, bringing the annual inflation rate to 6.69%. Monthly inflation was up 0.2 percentage points compared with the February figures. The government led by President Nayib Bukele announced a series of measures in March to mitigate the impact of rising prices on consumers, including the suspension of two fuel-related taxes for three months and plans to reduce import tariffs on 20 basic and agricultural goods. These measures came after BCR figures showed that the price for the basic basket of goods increased in February at its steepest rate since 2011, with year-on-year inflation of basic goods at 9.45%.

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