Ecuador: Consumer prices stabilize in December
January 8, 2018
In December, consumer prices rose 0.18% over the previous month, contrasting a 0.27% drop in November. The increase was led by higher prices for food and non-alcoholic beverages.
Consumer prices, on an annual basis, decreased 0.2% in December, mirroring November’s reading. The record low print stems from Ecuador’s dollarized economy operating amid historically low inflation rates in the United States. Annual average inflation edged down from 0.5% in November to 0.4% in December.
Author: Nihad Ahmed, Economist