11:43 GMT +318 August 2017
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    Ecuador Closes Off 2016 With Lower Inflation Than in 2015 – Statistics Institute

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    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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