In October, consumer prices rose 0.35% over the previous months, which was less than half the 0.79% increase recorded in September. The monthly rise reflected higher prices for alcoholic beverages and tobacco as well as a moderate increase in prices for food and non-alcoholic beverages (September: 1.05% month-on-month; October: 0.22% mom). Annual headline inflation inched up from 5.4% in September to 5.5% in October, which marked the highest level since April 2009. The Central Bank expects inflation to end this year at 3.7%. However, in the 2012 budget draft the government projects that inflation will reach 5.4% in 2012.
Inflation climbs to highest level in more than two years
November 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.