Ecuador in July closed with an inflation rate of 0.59 percent, lower than last June that was located by 0.76 percent, reported the Statistics and Census Institute (INEC).
According to INEC, inflation in July is the lowest so far this year.
INEC director, Byron Villacis, noted that this reduction is due to incentives for the recovery of production and the reduction of intermediation.
Villacis said in a press conference that with the decrease in growth rate of inflation, the indicator is addressed to "the normal trend."
However, annual inflation rose 9.69 percent in June to 9.87 percent in July and climbing into double digits continues. In July 2007, this index was 2.58%.
For its part, the cumulative inflation from January to July 2008 is located at 7, 72%. In June was 7.09 percent.
Cities that had a higher inflation were Cuenca, Loja, Machala, Esmeraldas and Ambato, while those that had a lower level are Quito, Guayaquil and Manta.
The head of INEC reported that inflation in Costa reached a value of 0.39% and 0.75% Sierra.
INEC studies for These values \u200b\u200bare performed in eight cities and applies it to a basket of 299 items.
To this we add a small forecast the future based on our own experience. When Mr. Correa was Minister of Economy, was the only time in the presidency of Lucio Gutierrez was inflation. The rest was deflation. If we add the current trend, the ongoing policies of deliberate scares the national and foreign investment. added to a shot of public spending through emergency illegal (the law states that for any procurement should be a public tender call and relevant, a situation that does not happen with the current emergency law), apart from the "expenditure pocket "which is a huge publicity for the imposition of a project" partner-ready "(it would be 'socialist' if it had a compelling political background, not mediocrity and improperly changed the trouble, to get more votes and meet the needs of 'Country Partnership Political Bureau), waste no income with which it has (alfaro ciuadad construction, public television stream, "the radio network on Saturday,' the little trips and the Embraer Legacy 600) and the decline of oil production 'Petro Hogwash '(Petroecuador), we have a situation in which the state plans to take money out, have a double-digit inflation in a dollarized economy and eventually (????????????????) submit 'under the wing' of Venezuela, its president, its 'petro-dollars' and the famous South Bank. " With all these friends, but we still have some questions: Where is the money? and Como, Mr Correa, you manage to squeeze decapitalize the State and the people with taxes, for a nearly double-digit inflation?
My friends, vote no because the economic model proposed by the constitution promotes inflation.
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