Ecuador: Consumer prices dip at steepest annual pace in over two years in September
October 6, 2020
Consumer prices fell 0.16% over the last month in September, which was softer than 0.32% drop logged in August. September’s result mainly reflected declining prices for food and non-alcoholic beverages, and education.
Consumer prices fell 0.9% on an annual basis in September, more sharply than August’s 0.8% dip and marking the steepest decline since May 2018. Meanwhile, annual average inflation came in flat in September, down from August’s 0.1%.