Ecuador: Consumer prices drop at sharpest annual clip in two years in July
August 7, 2020
Consumer prices fell 0.61% in July over the last month, which was fractionally less than the 0.62% drop recorded in June. July's result largely reflected declining prices for food and non-alcoholic beverages, as well as for transport.
Consumer prices declined 0.5% on an annual basis in July, contrasting their 0.2% increase in June and marking the steepest drop in prices in two years. Meanwhile, the trend pointed down slightly, with annual average inflation slipping to 0.1% in July from 0.3% in the previous month.
Author: Javier Colato, Economist