Ecuador: Inflation drops to 19-month low in November
December 7, 2015
In November, consumer prices rose 0.11% over the previous month, which contrasted October’s 0.09% decrease. The transport component of the index drove November’s result. The strong USD, which the country has adopted as its currency, has pushed down the price for imported goods, limiting inflationary pressures.
Inflation dropped from 3.5% in October to 3.4% in November, the lowest reading since April 2014. Annual average variation in consumer prices remained steady in November at October’s reading of 4.0%.
Author: Robert Hill, Economist