Ecuador: Inflation rate October 2012 slows to 0.09%

Posted on November 9, 2012 • Filed under: Business, Economy, Ecuador

Annual inflation slowed in Ecuador in October by a decline in the prices of food and non-alcoholic drinks, the government said Wednesday. The percentage represents a slowdown compared to last September when the increase was 1.12%. The percentage represents a slowdown compared to last September when the increase was 1.12%. In the 12 months to the end of last month, the consumer price index accumulated a rise of 4.94%, down from 5.22% showing in the 12 months to September. The government forecasts inflation of 5.14% for the year. Read Article

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