Ecuador: Inflation slides in September
Inflation came in at 2.2% in September, which was down from August’s 2.6%. Looking at the details of the release, clothing and footwear prices fell at a quicker pace in September compared to the previous month, while price pressures for food and non-alcoholic beverages eased. Moreover, prices for restaurants and hotels grew at a more subdued pace.
Annual average inflation ticked down to 2.8% in September (August: 2.9%).
Finally, consumer prices increased 0.04% in September over the previous month, coming in below the 0.50% increase recorded in August. September’s result marked the softest rise in prices since February.