Ecuador Inflation August 2017

Ecuador

Ecuador: Inflation edges up in August

September 7, 2017

In August, consumer prices were unchanged from the previous month, a slight improvement on July’s 0.1% contraction. The result reflected drops in prices for clothes, which offset the increase in prices for food and non-alcoholic beverages.

Inflation rose from 0.1 in July to 0.3% in August. 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 fell from 1.0% in July to 0.9% in August.

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 Chart


Ecuador Inflation August 2017

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


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