Ecuador: Consumer prices plunge at sharpest annual pace on record in October
November 9, 2020
Consumer prices slipped 0.19% over the previous month in October, following the 0.16% dip logged in September. October’s result primarily reflected declining prices for food and non-alcoholic beverages, and in restaurants and hotels.
Consumer prices dropped 1.6% in year-on-year terms in October, much steeper than September’s 0.9% fall and marking the sharpest decline on record. Meanwhile, the annual variation in consumer prices came in at minus 0.2% in October, down from the flat reading in September.