Weekly Report - 10 January 2013 (WR-13-01)

REGION | Inflation falls. Ecuador closed 2012 with inflation of 4.16%, according to the national statistics institute (Inec). This is within the target range set by the central bank. It was down from 5.41% a year earlier. Increased public spending in the run-up to elections normally drives up inflation but there is less than two months to go until President Rafael Correa seeks re-election on 17 February 2013 and inflation has stayed constant. Inflation for 2013 is predicted to reach 5%.

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