Ecuador Inflation December 2015

Ecuador

Ecuador: Inflation steady in December

January 7, 2016

In December, consumer prices rose 0.09% over the previous month, which was a moderation from November’s 0.11% increase. The food and non-alcoholic beverages component of the index saw the biggest gains in December, while prices for transportation fell substantially. The strong USD, which the country has adopted as its currency, has pushed down the price for imported goods, limiting inflationary pressures.

Inflation was steady in December at November’s 3.4%, the lowest reading since April 2014. Annual average variation in consumer prices remained steady for the third month in a row, at 4.0%.

Panelists participating in the LatinFocus Consensus Forecast foresee inflation at 3.2% at the end of 2016, which is down 0.1 percentage points from last month’s estimate. In 2017, participants expect inflation to decrease to 2.7%.


Author:, Economist

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Ecuador Inflation Chart


Ecuador Inflation December 2015

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


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