Ecuador inflation plummets in June
Inflation fell from 1.1% in May to 0.2% in June. Inflation has decelerated for over a year and a half and now rests at 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 was fell from 1.2% in May to 1.1% in June.
Panelists participating in the LatinFocus Consensus Forecast foresee inflation at 1.4% at the end of 2017, which is unchanged from last month’s estimate. In 2018, participants expect inflation of 1.9%. ■