Ecuador: A look at cost of living

tribeler.com/expreso.ec reported…Prices began to rise in Ecuador, according to Central Bank figures, in September 2013 and reached their highest peak in June 2015 (4.87% annual inflation), even with safeguards in effect, import quotas and technical standards, which also contributed to the upward trend in production costs. Since then, the trend has been downward, accumulating two consecutive months in the negative (- 0.08% in July and 0.001% in August, according to the monthly inflation report).

Analysts are split on whether there is the possibility of deflation for Ecuador, which is when prices drop to the point where inflation becomes negative, and an economic depression can result. Read Article

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