Ecuador Inflation March 2017

Ecuador

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.

Panelists participating in the LatinFocus Consensus Forecast foresee inflation at 1.6% at the end of 2017, which is unchanged from last month’s estimate. In 2018, participants expect inflation of 2.1%.


Author:, Economist

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Ecuador Inflation Chart


Ecuador Inflation March 2017

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


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