Ecuador recorded an inflation of 0.14% in March, according to the INEC

Posted on May 2, 2017 • Filed under: Economy, Ecuador

Ecuador recorded an inflation of 0.14% in March, according to the INEC

andes.info.ec / $ 709.22 estimated cost for Basket of goods for family of four. Ecuador registered an inflation rate of 0.14% in March, according to the latest Consumer Price Index (CPI) report published by the National Institute of Statistics and Censuses (INEC) ).

According to the document, accumulated inflation from January to March of this year reached 0.42%, while the annual inflation, from March 2016 to March 2017, reached 0.96% and the accumulated inflation stood at 0.42 %. In 2016, the monthly accumulation was also 0.14%; 2.32% annual and 0.58% accumulated.

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The text explains that the monthly positive changes in prices, food and non-alcoholic beverages divisions were 0.71% and restaurants and hotels were 0.20% and are the ones that contributed most to the variation Of the CPI in the month of March.

The monthly change in tradable goods was 0.23%, higher than the general variation of the CPI (0.14%) and non-tradable goods (0.03%).

Loja and Guayaquil are the cities that registered the highest inflation rate with 0.46% and 0.30% respectively. While the lowest inflation rates were Machala with -0.17% and Esmeraldas with -0.33%.

In March, the cost of the Basic Basket was $ 709.22, while the monthly household income of 1.6 was $ 700, excluding reserve funds; That is, with coverage of 98.7%. Including reserve funds the monthly family income was $ 749.98, giving coverage of 105.7% of the basic basket. Read Article

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