Ecuador Inflation

Ecuador

Ecuador: Inflation drops to 19-month low in November

December 7, 2015

In November, consumer prices rose 0.11% over the previous month, which contrasted October’s 0.09% decrease. The transport component of the index drove November’s result. The strong USD, which the country has adopted as its currency, has pushed down the price for imported goods, limiting inflationary pressures.

Inflation dropped from 3.5% in October to 3.4% in November, the lowest reading since April 2014. Annual average variation in consumer prices remained steady in November at October’s reading of 4.0%.

Panelists participating in the LatinFocus Consensus Forecast foresee inflation at 3.6% at the end of 2015, which is unchanged from last month’s estimate. In 2016, participants expect inflation to decrease to 3.3%, which is also unchanged from last month’s forecast.


Author:, Economist

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Ecuador Inflation Chart


Ecuador Inflation November 2015 0

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


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