Ecuador inflation accelerates in February
The result mainly reflected increases in prices for food and non-alcoholic beverages, which partially offset a decline in transport and other goods and services prices.
Inflation inched up from 0.9% in January to 1.0% in February. 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 1.4% in February from 1.6% in January.
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 2.0%. ■