LatinNews Daily - 09 June 2022

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In brief: El Salvador’s inflation continues to soar

* El Salvador’s central bank (BCR) has released new figures which show the country’s monthly inflation was 0.91% in May, bringing the year-on-year rate to 7.48%, the highest rate of the last 12 months. Up from 0.50% monthly inflation in April, when year-on-year inflation was 6.55%, the May 2022 figure compares with monthly inflation of 0.03% in May 2021 and year-on-year inflation of 2.59%. Back in March President Nayib Bukele announced 11 measures aimed at reducing the impact of the increase in energy prices stemming from the coronavirus (Covid-19) pandemic and the war in Ukraine.

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