Ecuador: Inflation falls to over two-year low in March
April 6, 2016
In March, consumer prices rose 0.14% over the previous month, matching February’s reading. The food and non-alcoholic beverages component of the index observed the largest monthly increase. The strong USD, which the country has adopted as its currency, has pushed down the price for imported goods, limiting inflationary pressures.
Inflation has been falling steadily since June 2015, and dropped from 2.6% in February to 2.3% in March, the lowest reading since November 2013. The annual average variation in consumer prices inched down to 3.7% in March from 3.8% in February.