Ecuador Inflation


Inflation climbs to highest level in more than two years

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%.

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