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Economy squeezed 41 percent of Salvadorans

San Salvador, Jan 19 (Prensa Latina) 41 percent of Salvadorans received loans or remittances from abroad to meet household needs in 2022, according to a survey by José Simeón Cañas Central American University (UCA).

The research, conducted by UCA’s University Institute of Public Opinion (Iudop), found that this major adulteration was partly due to increases in the prices of products such as beans, corn, sugar, milk and eggs across the world.year.

38 percent of those surveyed said they had received some type of help from abroad to cover household needs.

These aids were part of the $6,000,981.7 million the country received through remittances during the year, a figure that was higher than sales made abroad during the same period, which totaled $6,807.20 million.

However, some people regretted that they received less help from family and friends due to the impact of the economic crisis and inflation in the United States, which contributed to the deterioration of the family economy.

At that point, many Salvadorans were forced to apply for loans, while 48.5 percent stopped buying groceries and others stopped some of their daily meals, the study showed.

Recent balances for 2022 reflect that the basic basket rose by more than $28 in 2022 to mark a record inflation for the country’s food.

The National Office of Statistics and Census (ONEC) showed data showing the rise in the cost of several staple foods in the country, such as beans, which have risen 40 percent in cost, while the popular tortilla has risen 25 percent in price.

According to Onec, groceries in urban areas saw a smaller increase at $28.56 than in rural areas, where the cap hit $29.66 to affect low-income Salvadorans.

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