Ecuador: Prices increased nearly 50% in the last decade (Analysis)

Posted on August 3, 2016 • Filed under: Economy, Ecuador

VISTAZO.COM – Tristana Santos / Darwin Borja reported although we use the same currency, in the last decade Ecuador prices increased more than twice that of the United States. An analysis of the causes.Between 2006 and 2016 prices in Ecuador have risen nearly 50 percent, according to the Consumer Price Index (CPI) of the National Institute of Statistics and Census (INEC). This means that, officially, which cost $ 10 today should cost 15; which cost 25, it should not cost more than 37.50. But the reality is that there are things that cost a lot more for the effect of safeguards on imports have become more expensive imported products and domestic foreign – manufactured raw materials. READ FULL ARTICLE IN VISTAZO

THINKING OF MOVING TO ECUADOR – READ THIS BOOK – One expat wrote: “I have been expatriated to Ecuador for seven years. This book would have save me many problems had I read it sooner.”

Share This Story
  • Print
  • Digg
  • StumbleUpon
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • email