30 November 2016, 01:17 GMT
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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