Ecuador Inflation August 2019

Ecuador

Ecuador: Inflation slides in August

September 5, 2019

Consumer prices declined 0.1% in August, contrasting a 0.1% rise in July. Higher healthcare costs led the upturn, followed by increased prices for recreation and culture, and communication. These more than offset a decline in the prices for food and non-alcoholic beverages, and transport.

Meanwhile, inflation slid to 0.3% in August from 0.7% in July. Lastly, the annual average variation in consumer prices remained at 0.3% in August.

Panelists participating in the LatinFocus Consensus Forecast expect inflation of 0.4% in 2019, which is unchanged from last month’s estimate. The panel projects rising to 0.9% at the end of 2020.


Author:, Economist

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Ecuador Inflation Chart


Ecuador Inflation August 2019

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


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