Ecuador recorded a year-on-year inflation rate of 1.39% in July, according to data released by the National Institute of Statistics. This figure represents a decrease compared to the previous month of June, when the annual inflation rate stood at 1.65%.
Despite the month-on-month decrease from June, the July inflation rate of 1.39% is higher than the rate recorded during the same month in the previous year, which was 0.72%.
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