Consumer prices in Ecuador fell 0.3 percent year-on-year in January 2020, following a 0.07 percent decline in the previous month. It was the largest decline in consumer prices since August 2018, as cost dropped for transport (-0.88 percent vs 0.76 percent in December) and alcoholic beverages & tobacco (-0.02 percent vs 0.08 percent). Also, prices decreased further for food & non-alcoholic beverages (-0.73 percent vs -0.63 percent); clothing & footwear (-2.55 percent vs -2.13 percent); and furnishings (-1.57 percent vs -1.44 percent). Additionally, cost of housing & utilities slowed (0.21 percent vs 0.35 percent). In contrast, prices fell less for miscellaneous goods & services (-0.98 percent vs -1.15 percent) and communication (-0.18 percent vs -0.33 percent). On a monthly basis, consumer prices rose 0.23 percent, rebounding from a 0.01 percent fall in December.

Inflation Rate in Ecuador averaged 21.03 percent from 1970 until 2020, reaching an all time high of 107.87 percent in September of 2000 and a record low of -2.67 percent in April of 1970. This page provides the latest reported value for - Ecuador Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: INEC, Ecuador

Inflation Rate in Ecuador is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Ecuador to stand at 1.10 in 12 months time. In the long-term, the Ecuador Inflation Rate is projected to trend around 1.40 percent in 2021 and 1.60 percent in 2022, according to our econometric models.


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Ecuador Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -0.07 107.87 -2.67 1970 - 2020 percent Monthly
2014=100


Calendar GMT Actual Previous Consensus TEForecast
2019-11-08 03:00 PM Oct 0.5% -0.07% 0.4%
2019-12-05 04:00 PM Nov 0.04% 0.5% 0.6%
2020-01-07 01:15 PM Dec -0.07% 0.04% 0.1%
2020-02-06 02:00 PM Jan -0.3% -0.07% 0.1%
2020-03-09 02:00 PM Feb -0.3% -0.1%
2020-04-03 04:30 PM Mar 0.2%
2020-05-08 02:00 PM Apr
2020-06-05 02:00 PM May


News Stream
Ecuador Consumer Prices Fall the Most in Over a Year
Consumer prices in Ecuador fell 0.3 percent year-on-year in January 2020, following a 0.07 percent decline in the previous month. It was the largest decline in consumer prices since August 2018, as cost dropped for transport (-0.88 percent vs 0.76 percent in December) and alcoholic beverages & tobacco (-0.02 percent vs 0.08 percent). Also, prices decreased further for food & non-alcoholic beverages (-0.73 percent vs -0.63 percent); clothing & footwear (-2.55 percent vs -2.13 percent); and furnishings (-1.57 percent vs -1.44 percent). Additionally, cost of housing & utilities slowed (0.21 percent vs 0.35 percent). In contrast, prices fell less for miscellaneous goods & services (-0.98 percent vs -1.15 percent) and communication (-0.18 percent vs -0.33 percent). On a monthly basis, consumer prices rose 0.23 percent, rebounding from a 0.01 percent fall in December.
2020-02-06
Ecuador Consumer Prices Drop 0.1% YoY in December
Consumer prices in Ecuador decreased 0.1 percent from a year earlier in December 2019, after being almost unchanged in the prior month. Prices fell for food & non-alcoholic beverages (-0.63 percent vs -0.44 percent in November); clothing & footwear (-2.13 percent vs -2.26 percent); furnishings (-1.44 percent vs -1.37 percent); miscellaneous goods & services (-1.15 percent vs -0.93 percent) and communication (-0.33 percent vs -0.34 percent). In addition, cost slowed for housing & utilities (0.35 percent vs 0.41 percent) and transport (0.76 percent vs 0.95 percent). On a monthly basis, consumer prices dropped 0.01 percent, after falling 0.7 percent in the previous month.
2020-01-07
Ecuador Annual Inflation Rate Slows in November
The annual inflation rate in Ecuador fell to 0.04 percent in November 2019 from 0.5 percent in the previous month. Prices eased for transport (0.95 percent from 3.58 percent in October); housing & utilities (0.41 percent from 0.55 percent); education (3.14 percent from 3.15 percent); and miscellaneous goods & services (-0.93 percent from -0.86 percent). Also, cost fell for food & non-alcoholic beverages (-0.44 percent from 0.5 percent); and restaurants & hotels (-0.02 percent from 0.27 percent). In addition, prices of communications dropped further (-0.34 percent from -0.26 percent). Meanwhile, cost of recreation & culture rebounded (0.35 percent from -2.54 percent); and prices rose at a faster pace for health (1.31 percent from 1.06 percent). On a monthly basis, consumer prices declined 0.7 percent, after a 0.52 percent gain in October.
2019-12-05
Ecuador October Inflation Rate Rises to 0.5%
Consumer prices in Ecuador rose 0.5 percent year-on-year in October 2019, after declining 0.07 percent in the previous month. Prices rebounded for food & non-alcoholic beverages (0.5 percent from -0.35 percent in September); and restaurants & hotels (0.27 percent from -0.26 percent). Additionally, cost of transport increased further (3.58 percent from 1.51 percent). Also, prices fell less clothing & footwear (-2.5 percent from -2.58 percent); furnishing & household equipment (-1.63 percent from -1.67 percent); and communications (-0.26 percent from -3.8 percent). Meanwhile, prices eased for housing & utilities (0.55 percent from 0.77 percent); and health (1.06 percent from 1.33 percent). In addition, cost of recreation & culture declined at a faster pace (-2.54 percent from -1.68 percent). On a monthly basis, consumer prices went up 0.52 percent, following a 0.01 percent fall in the prior month.
2019-11-08

Ecuador Inflation Rate
In Ecuador, the main components of the consumer price index are: Food and Non-Alcoholic Beverages (25.1 percent of the total weight); Transport (13.6 percent); Housing, Water, Electricity, Gas and Other Fuels (10.2 percent) and Clothing and Footwear (9 percent). Restaurants and Hotels account for 6.8 percent; Education for 6.78 percent; Furniture and Household Equipment for 6.1 percent and Health Care for 6 percent. Others include: Leisure and Culture (5.9 percent); Other Goods and Services (5.2 percent); Communications (4.4 percent) and Alcoholic Beverages, Tobacco and Narcotics (0.9 percent). The national index has a base of 100 as of 2004. The CPI reflects the prices and spending patterns registered in eight representative cities: Quito, Guayaquil, Cuenca, Machala, Esmeraldas, Manta, Ambato and Loja, which account for 67.44 percent of the urban population of the country.