Ecuador Inflation October 2018

Ecuador

Ecuador: Inflation inches up in October after returning to growth in over a year in September

November 8, 2018

Consumer prices fell 0.05% over the previous month in October, contrasting a 0.39% month-on-month rise in September. Five out of the 12 sub-components recorded a drop in prices, spearheaded by lower prices for communications, while the remaining seven elements registered higher prices. Recreation and culture saw the biggest upturn in prices, followed by food and non-alcoholic beverages.

Inflation inched up to 0.3% in October from 0.2% in September. Consumer prices returned to growth for the first time in over a year in September. Meanwhile, the annual average variation in consumer prices came in at minus 0.3% in October, matching September’s print.

Panelists participating in the LatinFocus Consensus Forecast expect inflation of 0.9% in 2019, which is down 0.5 percentage points from last month’s estimate. The panel projects inflation accelerating to 2.7% at the end of 2020.


Author:, Economist

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Ecuador Inflation Chart


Ecuador Inflation October 2018

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


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