Ecuador Inflation

Ecuador

Ecuador: Inflation rises in April

May 8, 2015

In April, consumer prices rose 0.84% over the previous month, which followed the 0.41% increase tallied in March and marked the highest increase since September 2012. The increase in consumer prices mainly resulted from higher prices for food and for non-alcoholic beverages and transportation. The National Statistical Institute also stated that road closures in the spring had delayed the supply of certain products, contributing to the higher level of inflation.

Headline inflation rose from 3.8% in March to 4.3% in April. Conversely, annual average inflation inched up from March’s 3.8% to 3.9% in April.

FocusEconomics Consensus Forecast panelists foresee inflation at 3.4% at the end of 2015, which is up 0.5 percentage points from last month’s estimate. In 2016, FocusEconomics Consensus Forecast participants expect inflation to increase to 3.7%.


Author:, Economist

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Ecuador Inflation Chart


Ecuador Inflation April 2015

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


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