Ecuador Inflation July 2020

Ecuador

Ecuador: Consumer prices drop at sharpest annual clip in two years in July

August 7, 2020

Consumer prices fell 0.61% in July over the last month, which was fractionally less than the 0.62% drop recorded in June. July's result largely reflected declining prices for food and non-alcoholic beverages, as well as for transport.

Consumer prices declined 0.5% on an annual basis in July, contrasting their 0.2% increase in June and marking the steepest drop in prices in two years. Meanwhile, the trend pointed down slightly, with annual average inflation slipping to 0.1% in July from 0.3% in the previous month.

FocusEconomics panelists project consumer prices to fall 0.3% by end-2020, while they see them rising 0.7% at end-2021.


Author:, Economist

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Ecuador Inflation July 20 20 0

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


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