Ecuador: Inflation recedes to over two-year low in April
May 5, 2016
In April, consumer prices increased 0.31% over the previous month, exceeding March’s rise of 0.14%. The food and non-alcoholic beverages component of the index tallied the largest monthly increase. The fairly strong USD, which the country has adopted as its currency, has pushed down the price for imported goods and keeps inflationary pressures muted.
Inflation has been falling steadily since June 2015, and dropped from 2.3% in March to 1.8% in April, the lowest reading since September 2013. The annual average variation in consumer prices edged down to 3.5% in April from 3.7% in March.