Ecuador: Consumer prices drop at sharpest annual pace in over two years in August
September 7, 2020
Consumer prices fell 0.32% in August over the last month, which was softer than the 0.61% drop recorded in July. August’s result largely reflected declining prices for transport, and food and non-alcoholic beverages.
Consumer prices declined 0.8% on an annual basis in August, falling at a sharper pace than July’s 0.5% drop and marking the steepest drop since May 2018. Meanwhile, annual average inflation came in at 0.1% in August, down from July’s 0.2%.