Ecuador Inflation January 2017

Ecuador

Ecuador: Inflation slows in January and reaches an over ten-year low in January

February 8, 2017

In January, consumer prices increased 0.1% over the previous month, just under December’s 0.2% increase. The result mainly reflected increases in prices for food and non-alcoholic beverages, which partially offset a decline in recreation and culture prices.

Inflation was 0.9% in January, falling from 1.1% in December. It has been decelerating for over a year and a half and now rests at the lowest level in over a decade. Subdued demand, still-low global oil prices and a dollarized economy have all weighed on consumer prices. Annual average inflation dropped to a record low of 1.6% in January from 1.7% in December.

Panelists participating in the LatinFocus Consensus Forecast foresee inflation at 1.7% at the end of 2017, which is down 0.3 percentage points from last month’s estimate. In 2018, participants expect inflation of 2.2%.


Author:, Economist

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Ecuador Inflation Chart


Ecuador Inflation January 2017

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


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