Ecuador Inflation June 2018

Ecuador

Ecuador: Consumer prices on an annual basis continue on downward trend in June

July 6, 2018

Consumer prices declined 0.27% over the previous month in June, marking a bigger drop than the revised 0.18% month-on-month fall in May. Half of the twelve sub-components recorded lower prices, two registered a flat reading, while the remaining four saw an upturn in prices. Food and non-alcoholic beverages listed the biggest drop in prices, while prices for health increased the most. Meanwhile, prices for alcoholic drinks and tobacco, along with education came in flat from the previous month.

On an annual basis, consumer prices dropped 0.7% in June, marking a smaller drop than the 1.0% decline recorded in May. Annual variation in consumer prices fell 0.3% in June, after a 0.2% drop in May.


Ecuador Inflation Forecast


Panelists participating in the LatinFocus Consensus Forecast expect inflation of 1.3% in 2018, which is unchanged from last month’s estimate. The panel projects inflation accelerating to 1.9% at the end of 2019.


Author:, Economist

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Ecuador Inflation Chart


Ecuador Inflation June 2018

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


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