Ecuador Inflation

Ecuador

Ecuador: Inflation recedes in March

April 7, 2015

In March, consumer prices rose 0.41% over the previous month, which followed the 0.61% increase tallied in February and marked the lowest reading in three months. The increase in consumer prices mainly resulted from higher prices for food and non-alcoholic beverages and for restaurants and hotels.

Headline inflation fell from 4.1% in February to 3.8% in March. Conversely, annual average inflation inched up from February’s 3.7% to 3.8% in March.

FocusEconomics Consensus Forecast panelists foresee inflation at 2.9% at the end of 2015, which is down 0.3 percentage points from last month’s estimate. In 2016, FocusEconomics Consensus Forecast participants expect inflation to increase to 3.5%.


Author: Teresa Kersting, Economist

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Ecuador Inflation Chart


Ecuador Inflation March 2015

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


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