Ecuador Inflation February 2017


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.

Panelists participating in the LatinFocus Consensus Forecast foresee inflation at 1.6% at the end of 2017, which is unchanged from last month’s estimate. In 2018, participants expect inflation of 2.0%.

Author:, Economist

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Ecuador Inflation Chart

Ecuador Inflation February 2017

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

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