With rising inflation Cuenca ranked one of the most expensive cities in Ecuador

Ecuador’s inflation rate as of the end of July stood at 0.71%. This was the fourth month in a row that the inflation index was positive, according to data released Tuesday by the National Institute of Statistics and Census (INEC). Among the products that rose in price in the last year are transportation, food and drink, education, healthcare, restaurants, alcoholic drinks and expenditures for basic services like water, electricity and others. Items that fell in price were recreation and culture, communications, home furnishings and clothing. INEC also indicated that the most expensive city in the Sierra was Cuenca and on…

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