Ecuador: consumers dealing with higher prices for many products

Higher tariffs, import quotas, increasing the output tax exchange and the effects of winter have caused the Ecuadorian consumers pay more when purchasing agricultural products and certain consumer goods during the first seven months of the year. Vegetables, fruit, meat, liquor, phones and cars are among the products that have seen increases ranging between 2% and in some cases up to 150%. Increases in agricultural division are linked to the damage caused by the winter season, which affected crops in the Costa and Sierra. Read Article