Ecuador Inflation January 2018


Ecuador: Consumer prices continue to decline on an annual basis at the outset of 2018

February 7, 2018

Consumer prices increased 0.19% over the previous month in January, following a 0.18% month-on-month rise in December. Higher prices for furniture and articles for the home, along with food and non-alcoholic beverages led the upturn in prices. The increase was limited from the previous month, however, due to lower prices for education, housing, water, electricity and gas.

Consumer prices, on an annual basis, fell 0.1% in January, following a 0.2% drop in December. The continued decline in prices can be explained by Ecuador’s economy being dollarized operating against the backdrop of a relatively strong U.S. dollar. Annual average inflation inched down from 0.4% in December to 0.3% in January.

Panelists participating in the LatinFocus Consensus Forecast expect inflation of 1.6% in 2018, down 0.1 percentage points from last month’s estimate. The panel projects inflation accelerating to 2.2% at the end of 2019.


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Ecuador Inflation Chart

Ecuador Inflation January 2018

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

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