Ecuador Inflation March 2016

Ecuador

Ecuador: Inflation falls to over two-year low in March

April 6, 2016

In March, consumer prices rose 0.14% over the previous month, matching February’s reading. The food and non-alcoholic beverages component of the index observed the largest monthly increase. The strong USD, which the country has adopted as its currency, has pushed down the price for imported goods, limiting inflationary pressures.

Inflation has been falling steadily since June 2015, and dropped from 2.6% in February to 2.3% in March, the lowest reading since November 2013. The annual average variation in consumer prices inched down to 3.7% in March from 3.8% in February.

Panelists participating in the LatinFocus Consensus Forecast foresee inflation at 2.9% at the end of 2016, which is unchanged from last month’s estimate. In 2017, participants expect inflation to decrease to 3.2%.


Author: Teresa Kersting, Economist

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Ecuador Inflation March 2016 0

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


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