Ecuador: Inflation continues to ease in July
August 4, 2017
In July, consumer prices fell 0.1% over the previous month, a slight improvement on June’s 0.6% contraction. The result reflected drops in prices for culture and recreation, as well as for food and non-alcoholic beverages.
Inflation fell from 0.2% in June to 0.1% in July. Inflation has decelerated for over a year and a half and now rests at its lowest level in over a decade. Subdued demand, still-low global oil prices and a dollarized economy have all weighed on consumer prices. Annual average inflation fell from 1.1% in June to 1.0% in July.
Author: Christopher Mc Innes, Economist