In September, consumer prices added 0.79% over the previous month, which was well above the 0.49% increase observed in August. According to Statistics Institute, the monthly rise reflected higher prices for food and beverages as well as for education. As a result of the monthly jump, annual headline inflation climbed from 4.9% in August to 5.4% in September, which marked the highest inflation since April 2009. The Finance Ministry expects inflation to reach 4.13% this year. Meanwhile, the Central Bank sees inflation ending the year at 3.7%.
Inflation climbs to highest level in more than two years
October 7, 2011
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Ecuador Economic News
October 11, 2016
In August, economic activity recorded an annual contraction of 2.8%, according to the monthly indicator for economic activity (IDEAC, Índice de Actividad Económica Coyuntural).
October 7, 2016
In September, consumer prices rose 0.15% over the previous month, contrasting August’s 0.16% decrease.
October 3, 2016
The Ecuadorian economy performed slightly better in the second quarter, the result of gradually improving oil prices and an increase in crude output.
September 8, 2016
In July, economic activity plummeted and recorded the largest contraction in over ten years.
September 6, 2016
In August, consumer prices fell 0.16% over the previous month, the lowest reading in over three years.