Ecuador: Inflation stable in March
April 7, 2017
In March, consumer prices increased 0.1% over the previous month, just below February’s 0.2% increase. The result mainly reflected increases in prices for food and non-alcoholic beverages, which more than offset a decline in the prices for alcoholic drinks, tobacco and drugs, as well as in those for transport.
Inflation was stable in March at February’s 1.0%. Inflation has decelerated for over a year and a half and now rests just above its 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 1.3% in March from 1.4% in February.
Author: Christopher Mc Innes, Economist