In March, consumer prices added 0.90% over the previous month, which was above the 0.78% increase observed in February and represented, in fact, the largest monthly rise since March 2009. Consumer prices were affected by higher prices for food and non-alcoholic beverages as well as for restaurants and hotels. Food prices have increased this year due to heavy rains in the costal region, which have damaged crops. Owing to the monthly price increase, annual headline inflation stepped up from 5.5% in February to 6.1% in March, the highest level since April 2009. According to the 2012 budget, the Ministry of Finance projects inflation to reach 5.1% this year.
Inflation reaches a three-year high in March
April 6, 2012
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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.