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Traders and consumers live a complex moment in Ecuador
Posted On 15 Aug 2016
The Chamber of Commerce of Quitoestimates -based on data from the Superintendency of Companies- that 6,532 companies have entered the closing process from January to June this year. In 2015 were 1,528 companies closed. This is in a country where, according to reports of this year from the Consumer Price Index, costs rose by 49% over the last decade.
Although the opinion of citizens when shopping is that prices have increased twice. Ten years ago, a supermarket promoted products such as 2 kg of rice or a can of tuna of 175 g, whose costs rose from $ 1.25 and $ 0.63 to $ 2.67 and $ 1.30, respectively. For example, at that time the value of a three bedroom house within an urbanization cost about $ 70,000 and today the same house costs $ 150,000.
