Ecuador: Consumer prices on an annual basis fall in March
Food and non-alcoholic beverages registered the biggest decline in prices, followed by transport costs.
Consumer prices, on an annual basis, fell 0.1% in March, contrasting a 0.2% upturn in February.
A stronger dollar, lifted by optimism over the U.S.
and China striking a trade deal and upbeat employment data from the U.S., pushed down prices.
Meanwhile, the annual average variation in consumer prices moved to minus 0.1% in March, from minus 0.2% in February.
Panelists participating in the LatinFocus Consensus Forecast expect inflation of 1.3% in 2019, which is down 0.2 percentage points from last month’s estimate.
The panel projects inflation inching down to 1.4% at the end of 2020. ■