Ecuador Inflation December 2018


Ecuador: Inflation inches down in December

January 7, 2019

Consumer prices rose 0.10% over the previous month in December, after declining 0.25% month-on-month in November. Prices for recreation and culture rose the most, followed by transport. Meanwhile, prices for food and non-alcoholic beverages registered the biggest drop, followed by prices for restaurants and hotels.

Meanwhile, inflation inched down to 0.3% in December, from 0.4% in November. Consumer prices returned to growth for the first time in over a year in September. Meanwhile, the annual average variation in consumer prices was minus 0.2% in December, slightly up from November’s minus 0.3%.

Panelists participating in the LatinFocus Consensus Forecast expect inflation of 1.2% in 2019, which is up 0.3 percentage points from last month’s estimate. The panel projects inflation accelerating to 1.9% at the end of 2020.


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Ecuador Inflation Chart

Ecuador Inflation December 2018

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

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