Ecuador Inflation July 2017

Ecuador

Ecuador: Inflation continues to ease in July

August 4, 2017

In July, consumer prices fell 0.1% over the previous month, a slight improvement on June’s 0.6% contraction. The result reflected drops in prices for culture and recreation, as well as for food and non-alcoholic beverages.

Inflation fell from 0.2% in June to 0.1% in July. Inflation has decelerated for over a year and a half and now rests at 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 fell from 1.1% in June to 1.0% in July.

Panelists participating in the LatinFocus Consensus Forecast foresee inflation at 1.3% at the end of 2017, which is down 0.2 percentage pointsdown 0.1 percentage points from last month’s estimate. In 2018, participants expect inflation of 1.9%.


Author:, Economist

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Ecuador Inflation July 2017 0

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


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