Friday December 09 2016
Ecuador Inflation Rate at 1.05 percent
Consumer prices in Ecuador rose 1.05 percent year-on-year in November of 2016, slowing from a 1.31 percent increase in October. It was the lowest inflation rate since April of 1970, as prices went up at a slower pace for: food and non-alcoholic beverages (+1.32 percent from +1.64 percent in October) and restaurants and hotels (+1.14 percent from +1.8 percent). In addition, furniture cost decreased sharply (-0.80 percent from -0.36 percent). On a monthly basis, consumer prices decreased by 0.15 percent, following a 0.08 percent drop in the prior month.