That's true about El Salvador's inflation. Based on this website's data -->
https://tradingeconomics.com/el-salvador/inflation-cpiThe inflation rate of El Salvador for this month of April 2023 has fell down to 5.44% and as per that website and source: it says that it's for the 4 consecutive months of decrease and it's interesting while many of the rich countries have been gaining percentage of their inflation rates, El Salvador is dropping on it.
And with this rate going down on them signifies that the country's economy is doing fine and we can also say that the decision of Bukele of adopting Bitcoin as legal tender for sure has a contribution on this rating.
It won't take any longer until most of them will enjoy the usage of Bitcoin or will enjoy it as an asset as these figures for Bitcoin are already known by many.
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-cpiThat's good to hear.
If it's possible for these prices to go down on them then that also means that for other countries that have been experiencing high inflation, they can also beat that. They should look at how El Salvador has dealt with it and try to imitate the strategy they've made.
Because in most countries, even if the oil prices have dropped down, the prices of commodities haven't dropped yet and that's an important thing to look for a country's economy if it's doing good or not.