Latin American Economy & Business - July 2018 (ISSN 1741-7430)

At a time when many countries in the region are facing the prospect of a rise in inflation, as recent sharp local-currency depreciation feeds through to higher import prices and the knock-on effect of higher retail prices, Ecuador is experiencing deflation. The consumer price index registered a 0.18% month-on-month fall in May, following a 0.14% decline in April. In year-on-year terms, inflation has been negative since last September, but May’s result (-1%) was the lowest in this string of data.