Ecuador Inflation May 2018


Ecuador: Consumer prices on an annual basis drop by bigger magnitude in May

June 6, 2018

Consumer prices dropped 0.18% over the previous month in May, a slightly bigger decline than the 0.14% month-on-month fall in April. Half of the twelve sub-components registered lower prices, while the other half recorded higher prices. Prices for food and non-alcoholic beverages dropped the most, while prices for accommodation, water, electricity and gas rose by the biggest magnitude.

Consumer prices dropped 1.0% over the same month of the previous year in May, marking a greater drop than the 0.8% decline recorded in April and a record multi-year drop. Annual average inflation fell 0.2% in May, contrasting a flat reading in April.

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.


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Ecuador Inflation Chart

Ecuador Inflation May 2018

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

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