Ecuador Inflation August 2020

Ecuador

Ecuador: Consumer prices drop at sharpest annual pace in over two years in August

September 7, 2020

Consumer prices fell 0.32% in August over the last month, which was softer than the 0.61% drop recorded in July. August’s result largely reflected declining prices for transport, and food and non-alcoholic beverages.

Consumer prices declined 0.8% on an annual basis in August, falling at a sharper pace than July’s 0.5% drop and marking the steepest drop since May 2018. Meanwhile, annual average inflation came in at 0.1% in August, down from July’s 0.2%.

FocusEconomics panelists project consumer prices to fall 0.2% by end-2020, while they see them rising 0.7% at end-2021.


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Ecuador Inflation August 20 20

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


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