In August, consumer prices jumped 0.48% over the previous month, which was well above the 0.18% increase observed in June. The monthly jump was driven entirely by higher prices for food and non-alcoholic beverages, as recent flooding in the Andean highlands damaged crops. As a result of the monthly rise, annual headline inflation climbed from 4.4% in July to 4.8% in August, which represented the highest inflation since May 2009. The Finance Ministry foresees inflation to reach 4.13% this year. Meanwhile, the Central Bank expects inflation to end the year at 3.7%.
Inflation jumps to two year high
September 7, 2011
Looking for forecasts related to Inflation in Ecuador? Download a sample report now.
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.