Mountains in Ecuador

Ecuador Inflation October 2023

Ecuador: Inflation drops to lowest level since June in October

Inflation fell to 1.9% in October, from September’s 2.2%. October’s figure marked the weakest inflation rate since June. Looking at the details of the release, prices for transportation rose at a faster pace in October. In contrast, prices for food and non-alcoholic beverages grew at a softer pace. Meanwhile, clothing and footwear prices were largely unchanged. Moreover, prices for restaurants and hotels grew at a more subdued pace.

Annual average inflation ticked down to 2.6% in October (September: 2.8%).

Finally, consumer prices dropped 0.18% in October over the previous month, contrasting the 0.04% increase logged in September. October’s result marked the weakest reading since June 2021.

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