Ecuador: Inflation steady in December
January 7, 2016
In December, consumer prices rose 0.09% over the previous month, which was a moderation from November’s 0.11% increase. The food and non-alcoholic beverages component of the index saw the biggest gains in December, while prices for transportation fell substantially. The strong USD, which the country has adopted as its currency, has pushed down the price for imported goods, limiting inflationary pressures.
Inflation was steady in December at November’s 3.4%, the lowest reading since April 2014. Annual average variation in consumer prices remained steady for the third month in a row, at 4.0%.
Author: Robert Hill, Economist