Not only that, the prices of many drinks and food in El Salvador have also dropped significantly. Inflation has also come down a bit more than last month only because of Bitcoin adoption. Meanwhile, this figure mentions that alcoholic beverages exist in Salvador, with prices falling and under control. This chart exists for the convenience of El Salvador consumers.
Compared to the past El Salvador led by Nayib Bukele led by the adoption of Bitcoin, their economy is currently doing very well. Everything is under control in El Salvador.
Follow:
https://tradingeconomics.com/el-salvador/inflation-cpiI don't think inflation with El Savador happening because bitcoin drop but more than what happen with economic global, many countries seems face economic crisis right now and they are time recovering after Covid 19 cases and believing when economic global have been better El Savador will back from inflation despite what happen with Bitcoin on higher or lower price.
But looks excited with any drinks and food in El Savador have dropped significantly but I don't sure its has relation with Bitcoin drop, actually have least two months with bitcoin ever drop and right now move up little until $30k. Based on
tradingeconomics news inflation in El Savador not only with food and drink but also many categories from transportation (1.5% vs 1.1%); housing and utilities (2.2% vs 2.5%); recreation & culture (3.1% vs 4.7%) and furnishings & household equipment (3.4% vs 3.8%). But if any people claimed the inflation because Bitcoin waiting later when Bitcoin back to higher price, will El Savador economic condition better or not?
https://tradingeconomics.com/el-salvador/inflation-cpi