Ecuador: Inflation declines to lowest level since July 2021 in December
Latest reading: Inflation dropped to 0.5% in December, down from November’s 1.5%, marking the lowest inflation rate since July 2021. Looking at the details of the release, softer price pressures for food and non-alcoholic beverages and falling costs of clothing and footwear drove the result. That said, transport prices rose at a quicker pace.
Accordingly, the trend pointed down slightly, with annual average inflation coming in at 1.5% in December (November: 1.6%).
Lastly, consumer prices fell 0.99% in December over the previous month, a sharper drop than November’s 0.26% fall.