Ecuador Inflation June 2017

Ecuador

Ecuador: Inflation plummets in June

July 10, 2017

In June, consumer prices fell 0.6% over the previous month, contrasting May’s 0.1% increase. The result reflected drops in prices for culture and recreation.

Inflation fell from 1.1% in May to 0.2% in June. Inflation has decelerated for over a year and a half and now rests at 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 was fell from 1.2% in May to 1.1% in June.

Panelists participating in the LatinFocus Consensus Forecast foresee inflation at 1.4% at the end of 2017, which is unchanged from last month’s estimate. In 2018, participants expect inflation of 1.9%.


Author:, Economist

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Ecuador Inflation Chart


Ecuador Inflation June 2017

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


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