Ecuador Inflation May 2019

Ecuador

Ecuador: Inflation rises in May

June 6, 2019

Consumer prices came in flat in May after rising 0.17% month-on-month in April. Prices for food and non-alcoholic beverages led the downturn, followed by healthcare. These offset higher prices for transport, which rose the most, followed by recreation and culture, and housing, water, electricity, and gas. 

Meanwhile, inflation climbed to 0.4% in May from 0.2% in April. Lastly, the annual average variation in consumer prices rose to 0.1% in May from minus 0.1% in April.

Panelists participating in the LatinFocus Consensus Forecast expect inflation of 0.7% in 2019, which is down 0.1 percentage points from last month’s estimate. The panel projects inflation inching up to 1.1% at the end of 2020.


Author:, Economist

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Ecuador Inflation Chart


Ecuador Inflation May 2019 0

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


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