Ecuador: Inflation slides in August
September 5, 2019
Consumer prices declined 0.1% in August, contrasting a 0.1% rise in July. Higher healthcare costs led the upturn, followed by increased prices for recreation and culture, and communication. These more than offset a decline in the prices for food and non-alcoholic beverages, and transport.
Meanwhile, inflation slid to 0.3% in August from 0.7% in July. Lastly, the annual average variation in consumer prices remained at 0.3% in August.
Author: Nihad Ahmed, Economist