Ecuador Inflation June 2021

Ecuador

Ecuador: Consumer prices fall at slower pace in June

July 7, 2021

Consumer prices slid 0.18% over the previous month in June, contrasting May´s 0.08% increase and falling for the first time since December last year. June´s decline largely reflected a quicker drop in prices for food and non-alcoholic beverages.

Consumer prices tumbled 0.7% in annual terms in June, above May’s 1.1% drop. Meanwhile, the annual average variation in consumer prices deteriorated, coming at minus 1.0% in June, following May’s minus 0.9%.

FocusEconomics panelists project inflation to end 2021 at 0.8%, which is down 0.1 percentage points from last month’s estimate and at 1.1% in 2022.


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Ecuador Inflation June 2021 1

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


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