Ecuador: Inflation decreases in July
August 6, 2015
In July, consumer prices fell 0.08% over the previous month, which contrasted the 0.41% increase tallied in June, marking the lowest reading since June 2013. Lower prices for food and non-alcoholic beverages, transportation, and recreation and culture were the largest contributors to the result. In contrast, prices for restaurants and hotels as well as housing, water, gas and other fuels increased.
Inflation dropped from 4.9% in June to 4.4% in July. Annual average inflation was steady at June’s reading of 4.1%, thereby maintaining the highest figure since May 2013.
Author: Robert Hill, Economist