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wom23QUITO: Ecuador's consumer prices rose 4.16 percent last year, the government of the South American OPEC nation said on Saturday, below its forecast of 5.14 percent.

 

That was lower than the 5.41 percent recorded in 2011, but above the 3.33 percent seen in 2010.

 

The success at keeping price increases in check was a big part of the country's robust economic performance last year.

 

Ecuador's economy is likely to have expanded by about 5 percent in 2012, President Rafael Correa said last month.

 

The growth has been supported by high oil revenues that let him boost state spending on infrastructure and welfare programs.

 

The socialist leader has said the inflation rate in 2013 should also be below 5 percent. In December 2012 consumer prices dipped 0.19 percent, the INEC statistics agency said, compared with a 0.40 percent rise during December 2011.

 

Center>Copyright Reuters, 2013


 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln