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Food basket rose between $2 and $9 in October

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Food prices failed to sustain their downward trend last October, and the basic food basket rose again. The biggest gains were in tortillas, fat, beans and eggs, according to the National Statistics Office (ONEC).

The Basic Food Basket (CBA) shows by month the prices of the basic foods of the Salvadoran diet, consisting of eggs, milk, tortillas, rice, beans, French bread, meat and fat. This saw him continue to rise for eight straight months before declining slightly in September and reversing in October.

Data from ONEC, which replaces Digestyc, showed the urban base basket increased 0.8%, or about $1.98, from $237.89 in September to $239.87 in October.

Meanwhile, rural areas reached $183.36, up 5.3% (about $9.39) from September when the base basket was about $173.97.

Inflation directly affects the cost of CBA. Inflation continues to affect the food Salvadorans buy, even though it fell for the second month in a row in October, still at a high level of over 7%.

In October 2021, the cost of a basic urban basket for each Salvadoran family increased by $27.32 last year, as the joint price of the foods that make it up was about $212.55, 12.8% cheaper than today.

Meanwhile, people living in rural areas have increased by more than 19%, spending $153.55 on food a year ago and now $183.36, $29.81 more than in 2021.

DEMs

DEMs

More food will rise.

The Consumer Price Index (CPI), the basis for measuring inflation, said in an October release that, in addition to potatoes, eggs and beans, air travel, paper towels and toilet paper were also products with rising costs.

In October, the price of each part of an urban egg was $0.10, compared to $0.09 a year ago. According to the Ministry of Agriculture and Livestock (MAG), egg prices he rose 6.6% from the end of September to last October, rising from $4.22 to $4.50 per carton.

For imported silk beans, this increased by 13%, now selling at $96.10 per quintal, about $11.10 higher. Because of this, the proportion of this food in urban areas increased from $0.19 for him in September to $0.20 for him in October.

Salvadorans were $6 cheaper per quintal of potatoes in just one month, down 15.2%, with prices at $33.57 at the end of October, according to a MAG report.
Among the food groups that make up the basic food basket, tortillas were another item that rose between $0.02 and $0.06 in just one month.

Rice, milk and sugar are foodstuffs within the CBA and were unchanged in price in October. However, only urban areas reported declines in some groups, such as French bread, meat and fruit, which fell by $0.01 per serving.

Avocados, tortillas, French bread, beef short ribs and watermelon saw price drops last month, according to the latest IPC report.

food prices during october

1.- Most increased product

According to the Consumer Price Index, higher prices for planes, beans, potatoes, eggs, paper towels and sanitary napkins in October directly contributed to the increase in the index.

2.- Products with reduced prices
Avocado, French toast, short ribs, watermelon and tortillas dropped in October. However, the CBA reported an increase of $0.02 to $0.06 for the latter food.

3.- What is maintained
CBA data show that prices of rice, eggs, vegetables, milk and sugar held up in urban areas in October. Rice, meat, fat, milk, fruit and sugar remained unchanged in rural areas.

Source: Diario.Elmundo

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