Ecuador Closes Off 2016 With Lower Inflation Than in 2015 – Statistics Institute

Ecuador had lower inflation at the conclusion of 2016 than it did at the end of 2015, the country’s National Institute of Statistics and Censuses (INEC) informs.

MOSCOW (Sputnik) – Ecuador concluded last year with an inflation of 1.12 percent, down two points from 2015, according to INCE.

"In December 2016, the country registered a monthly inflation of 0.16 percent, which reflects an improvement in the dynamics of prices," INCE said in its consumer price index (CPI) report.

The CPI index is a statistical estimate that measures changes in the price level of market basket of consumer goods and services purchased by households.

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