April 12, 2024

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High inflation shrink festivities in El Salvador

High inflation shrink festivities in El Salvador

Local media reports that chicken, meat, and tomatoes show an upward trend before Christmas Eve dinner, and that’s their prediction until next year.

Most of the inputs for preparing dinners and dishes at that time increased their prices, for example chicken increased by one dollar in the last two months and the largest could be bought up to nine. The same thing happens with other items like tomatoes and other vegetables and fruits.

“Prices have gone up, at least this year a chicken sold for as much as $10, while the largest was eight dollars before,” The World quoted Elmer Rivera, a trader from San Salvador’s Central Market, as saying. .

There are also significant price increases for other meats, turkeys, also known as turkey or chompipe.

Despite the decrease in demand reported by many companies, large chickens, chicken breast, beef (round and needle), and poyazo are most demanded by residents of the capital in the festive season.

But if an increase occurs in the main products of the basic basket now, it may increase in 2023, especially basic cereals, given that the 2022 harvest recorded a decrease.

The Salvadoran Chamber of the Association of Small and Medium Agricultural Producers (CAMPO) indicated that the 2021-2022 cycle left 19.9 million quintals between maize, beans, sorghum and rice.

Production is 30 percent lower than the results for the 2020-2021 cycle, when Campo estimates there are 28.6 million quintals.

The result was less than initial expectations, but the union confirms that it can cover 80 percent of domestic consumption, although this will not stop the price hike for the population.

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