Ecuador Inflation June 2020

Ecuador

Ecuador: Inflation plunges to four-month low in June

July 6, 2020

Consumer prices fell 0.62% in June over the last month, which was below the 0.26% fall recorded in May. June's result marked the sharpest fall in prices since November 2019 and largely reflected declining prices for restaurants and hotels, as well as for food and non-alcoholic beverages.

Inflation came in at 0.2% in June, below May’s 0.8%. June's reading marked the lowest inflation rate since February. Meanwhile, annual average inflation remained at May's 0.3% in June.

FocusEconomics panelists project consumer prices to fall 0.1% by end-2020, while they see them rising 0.8% at end-2021.


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Ecuador Inflation June 20 20

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


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