Ecuador Inflation February 2018

Ecuador

Ecuador: Consumer prices continue to fall on an annual basis in February

March 7, 2018

Consumer prices rose 0.15% over the previous month in February after a 0.19% month-on-month increase in January. There was an upturn in prices in eight out of the twelve sub-components, with food and non-alcoholic beverages increasing the most. Prices declined in three sub-components, with recreation and culture recording the biggest price drop. Meanwhile, prices for tobacco and alcoholic beverages came in flat from the previous month.

Consumer prices, on an annual basis, fell 0.1% in February—matching January’s reading. Annual average inflation inched down from 0.3% in January to 0.2% in February.

Ecuador Inflation Forecast


Panelists participating in the LatinFocus Consensus Forecast expect inflation of 1.3% in 2018, down 0.3 percentage points from last month’s estimate. The panel projects inflation accelerating to 1.9% at the end of 2019.


Author:, Economist

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Ecuador Inflation Chart


Ecuador Inflation February 2018

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


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