Ecuador Inflation December 2017


Ecuador: Consumer prices stabilize in December

January 8, 2018

In December, consumer prices rose 0.18% over the previous month, contrasting a 0.27% drop in November. The increase was led by higher prices for food and non-alcoholic beverages.

Consumer prices, on an annual basis, decreased 0.2% in December, mirroring November’s reading. The record low print stems from Ecuador’s dollarized economy operating amid historically low inflation rates in the United States. Annual average inflation edged down from 0.5% in November to 0.4% in December.

Panelists participating in the LatinFocus Consensus Forecast expect inflation of 1.8% in 2018, down 0.2 percentage points from last month’s estimate. The panel projects inflation accelerating to 2.6% at the end of 2019.


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Ecuador Inflation Chart

Ecuador Inflation December 2017 1

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

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