Ecuador: Inflation edges up in August
September 7, 2017
In August, consumer prices were unchanged from the previous month, a slight improvement on July’s 0.1% contraction. The result reflected drops in prices for clothes, which offset the increase in prices for food and non-alcoholic beverages.
Inflation rose from 0.1 in July to 0.3% in August. Inflation has decelerated for over a year and a half and now rests just above 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 1.0% in July to 0.9% in August.
Author: Christopher Mc Innes, Economist