Ecuador: Inflation inches up in October after returning to growth in over a year in September
November 8, 2018
Consumer prices fell 0.05% over the previous month in October, contrasting a 0.39% month-on-month rise in September. Five out of the 12 sub-components recorded a drop in prices, spearheaded by lower prices for communications, while the remaining seven elements registered higher prices. Recreation and culture saw the biggest upturn in prices, followed by food and non-alcoholic beverages.
Inflation inched up to 0.3% in October from 0.2% in September. Consumer prices returned to growth for the first time in over a year in September. Meanwhile, the annual average variation in consumer prices came in at minus 0.3% in October, matching September’s print.
Author: Nihad Ahmed, Economist