Ecuador Inflation April 2016

Ecuador

Ecuador: Inflation recedes to over two-year low in April

May 5, 2016

In April, consumer prices increased 0.31% over the previous month, exceeding March’s rise of 0.14%. The food and non-alcoholic beverages component of the index tallied the largest monthly increase. The fairly strong USD, which the country has adopted as its currency, has pushed down the price for imported goods and keeps inflationary pressures muted.

Inflation has been falling steadily since June 2015, and dropped from 2.3% in March to 1.8% in April, the lowest reading since September 2013. The annual average variation in consumer prices edged down to 3.5% in April from 3.7% in March.

Panelists participating in the LatinFocus Consensus Forecast foresee inflation at 2.8% at the end of 2016, which is unchanged from last month’s estimate. In 2017, participants expect inflation of 2.7%.


Author: Teresa Kersting, Economist

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Ecuador Inflation April 2016

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


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