Ecuador Inflation

Ecuador

Ecuador: Inflation decreases in July

August 6, 2015

In July, consumer prices fell 0.08% over the previous month, which contrasted the 0.41% increase tallied in June, marking the lowest reading since June 2013. Lower prices for food and non-alcoholic beverages, transportation, and recreation and culture were the largest contributors to the result. In contrast, prices for restaurants and hotels as well as housing, water, gas and other fuels increased.

Inflation dropped from 4.9% in June to 4.4% in July. Annual average inflation was steady at June’s reading of 4.1%, thereby maintaining the highest figure since May 2013.

FocusEconomics Consensus Forecast panelists foresee inflation at 4.0% at the end of 2015, which is unchanged from last month’s estimate. In 2016, FocusEconomics Consensus Forecast participants expect inflation to decrease to 3.7%.


Author:, Economist

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Ecuador Inflation Chart


Ecuador Inflation July 2015

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


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