Ecuador Inflation December 2019

Ecuador

Ecuador: Consumer prices dip in annual terms in December

January 7, 2020

Consumer prices were stable over the previous month in December, following their 0.7% drop in November. Prices for food and non-alcoholic beverages, and restaurants and hotels fell, while prices for recreation and culture, and transport rose.

Meanwhile, consumer prices fell 0.1% in December, following November’s flat reading. Lastly, the annual average variation in consumer prices remained at 0.3% in December.

Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2020 at 0.7%, which is unchanged from last month’s estimate. The panel projects inflation ending 2021 at 1.2%.


Author:, Economist

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Ecuador Inflation Chart


Ecuador Inflation December 2019 0

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


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