Ecuador Inflation October 2016

Ecuador

Ecuador: Inflation steady in October

November 9, 2016

In October, consumer prices decreased 0.08% over the previous month, contrasting September’s 0.15% increase. The result mainly reflected decreases in prices for food products and non-alcoholic beverages, communication and clothing, which more than offset timid increases in transportation and electricity prices.

Inflation was stable in October at September’s 1.3% reading, putting an end to a year and a half of uninterrupted declines in the inflation rate. Inflation is now at the lowest level since April 2005. Lukewarm demand and low global oil prices have weighed on consumer prices, while a dollarized economy has also kept prices in check. The annual average variation in consumer prices dropped to a multi-year low of 2.1% in October from 2.3% in September.

Panelists participating in the LatinFocus Consensus Forecast foresee inflation at 1.9% at the end of 2016, which is down 0.1 percentage points from last month’s estimate. In 2017, participants expect inflation of 2.5%, which is also down 0.1 percentage points from last month’s forecast.


Author:, Economist

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Ecuador Inflation Chart


Ecuador Inflation October 2016

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


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