Ecuador Inflation May 2020

Ecuador

Ecuador: Inflation falls at sharpest rate in six months in May

June 4, 2020

Consumer prices fell 0.26% over the previous month in May, contrasting the 1.00% rise seen in April. May's result marked the sharpest fall in prices since November 2019 and largely reflected lower prices for food and non-alcoholic beverages.

Inflation came in at 0.8% in May, down from April’s 1.0%. Meanwhile, the trend was unchanged with annual average inflation coming in at April's 0.3% in May.

FocusEconomics panelists project consumer prices to fall 0.2% by end-2020, while they see them rising 0.8% at end-2021.


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Ecuador Inflation May 20 20

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


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