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: Nihad Ahmed, Economist