Ecuador: Prices Down in July 2016 (-0.09%)

ELUNIVERSO.COM REPORTED…Ecuador recorded a negative inflation in July. This was announced this morning by the National Institute of Statistics and Census. Inflation in July was -0.09%, according to the latest report. The figure is slightly lower than that recorded in July 2015 and was -0.08%.

According to INEC, the divisions that more influeyeron, down in this result were: Recreation and culture (-0.93%); Alcoholic beverages, snuff and drugs (-0.75%); and restaurants and hotels (-0.39%).

Meanwhile, between July 2015 and July 2016, inflation (annual) was 1.58%, while the cumulative (January to July 2016) stood at 1.20%.

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Machala is the city with the highest monthly inflation with 0.17%, followed by Santo Domingo with 0.08%. While Esmeraldas and Guayaquil are the cities that recorded the lowest inflation rate variation with -0.28% in both cases.

The basic food basket was $ 688.21, while the monthly family income earners 1.6 is $ 683.20 not including reserve funds, ie 99.27% ​​coverage. (I)