Mountains in Ecuador

Ecuador Inflation August 2023

Ecuador: Inflation rises in August

Inflation rose to 2.6% in August, above July’s 2.1%. August’s result represented the highest inflation rate since March. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a quicker rate while prices for transportation fell at a softer pace in August.

Annual average inflation fell to 2.9% in August (July: 3.0%).

Finally, consumer prices rose 0.50% in August over the previous month, largely in line with the 0.54% increase logged in July.

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