Ecuador: Inflation plummets in June
July 10, 2017
In June, consumer prices fell 0.6% over the previous month, contrasting May’s 0.1% increase. The result reflected drops in prices for culture and recreation.
Inflation fell from 1.1% in May to 0.2% in June. Inflation has decelerated for over a year and a half and now rests at 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 was fell from 1.2% in May to 1.1% in June.
Author: Christopher Mc Innes, Economist