Ecuador: Inflation accelerates in February
March 10, 2017
In February, consumer prices in Ecuador increased 0.2% over the previous month, just above January’s 0.1% increase. The result mainly reflected increases in prices for food and non-alcoholic beverages, which partially offset a decline in transport and other goods and services prices.
Inflation inched up from 0.9% in January to 1.0% in February. Inflation has decelerated for over a year and a half and now rests just above its lowest level in over a decade. Subdued demand, still-low global oil prices and a dollarized economy have all weighed on consumer prices. Annual average inflation dropped to a record low of 1.4% in February from 1.6% in January.
Author: David Ampudia, Economist