Ecuador: Consumer prices rebound in September

Consumer prices rose 0.39% over the previous month in September, following a 0.27% month-on-month increase in August. Nine of the 12 sub-components registered higher prices; meanwhile, three of them saw a decline in prices. Prices for transport and communications increased the most while prices for clothing and footwear fell the most.

On an annual basis, consumer prices returned to growth for the first time in over a year. Inflation came in at 0.2% in September following a 0.3% annual decline in consumer prices in August. As a result, the annual variation in consumer prices inched up to minus 0.3% in September from minus 0.4% in August.

Ecuador Inflation Forecast

Panelists participating in the LatinFocus Consensus Forecast expect inflation of 0.4% in 2018, which is down 0.3 percentage points from last month’s estimate. The panel projects inflation accelerating to 1.4% at the end of 2019, also down 0.3 percentage points from last month’s forecast.