Ecuador Inflation April 2018

Ecuador

Ecuador: Consumer prices on an annual basis drop again in April

May 8, 2018

Consumer prices declined 0.14% over the previous month in April, contrasting a 0.06% month-on-month rise in March. Five out of the twelve sub-components recorded higher prices, while the remaining seven registered a price drop. Prices for food and non-alcoholic beverages declined the most, while prices for recreation and culture rose by the greatest magnitude.

Consumer prices dropped 0.8% over the same month of the previous year in April, following a 0.2% drop in annual terms in March. Annual average inflation came in flat in April following a 0.2% decline in March.

Panelists participating in the LatinFocus Consensus Forecast expect inflation of 1.4% in 2018, which is up 0.1 percentage points from last month’s estimate. The panel projects inflation accelerating to 2.0% at the end of 2019.


Author:, Economist

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Ecuador Inflation April 2018 0

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


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