In June, consumer prices remained virtually unchanged, rising 0.04% over the previous month, which was below the 0.35% increase registered in May. The monthly reading reflected lower prices for food and non-alcoholic beverages as well as for communications, which were offset by higher prices for clothing and footwear. Despite the subdued reading, annual headline inflation edged up from 4.2% in May to 4.3% in June, which marked the highest rate since February 2010. The Economic Policy Ministry raised its inflation projection for this year and expects annual consumer prices to reach 4.13%. Meanwhile, the Central Bank expects inflation to end the year at 3.7%.
Inflation rises to 16-month high
July 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.