Inflation increased in 2014 in 14 of the 20 countries listed in table 1.1, with particularly rapid retail price growth in the Bolivarian Republic ofVenezuela (68.5%) and Argentina (23.9%). The biggest drops in absolute terms were in Panama (from 3.7% in 2013 to 1.0% in 2014) and the Dominican Republic (from 3.9% in 2013 to 1.6% in 2014). The lowest inflation in 2014 was in El Salvador, where the rate was an estimated 0.5%.