Ecuador: Inflation moderates in February
March 4, 2016
In February, consumer prices rose 0.14% over the previous month, which was below January’s 0.31% increase. 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 was 2.6% in February, the lowest reading since November 2013 and down from the 3.1% recorded in January. Annual average variation in consumer prices inched down to 3.8% in February from 3.9% in January.
Author: Robert Hill, Economist