Ecuador: Inflation rests at over-nine-year low in July
August 4, 2016
In July, consumer prices fell 0.09% over the over the previous month. The print contrasted June’s 0.36% increase and mainly reflected lower prices for non-alcoholic beverages and food, recreation and culture as well as restaurants and hotels.
Inflation has been falling steadily since June 2015 and remained at June’s 1.6% in July, which marked the lowest reading since May 2007. The annual average variation in consumer prices edged down to an over-two-year low of 2.7% in July from 3.0% in June.