Ecuador Inflation July 2016


Inflation rests at over-nine-year low in July

In July, consumer prices fell 0.09% over the over the previous month. The print contrasted June’s 0.36% increase and mainly reflected lower prices for non-alcoholic beverages and food, recreation and culture as well as restaurants and hotels.

Inflation has been falling steadily since June 2015 and remained at June’s 1.6% in July, which marked the lowest reading since May 2007. The annual average variation in consumer prices edged down to an over-two-year low of 2.7% in July from 3.0% in June.

Panelists participating in the LatinFocus Consensus Forecast foresee inflation at 2.3% at the end of 2016, which is down 0.4 percentage points from last month’s estimate. In 2017, participants expect inflation of 2.8%.

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Ecuador Inflation Chart

Ecuador Inflation July 2016 0

Note: Annual and monthly variation of consumer price index in %.
Source: National Statistical Institute

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