Consumer prices in Ecuador fell 1.6 percent year-on-year in October 2020, following a 0.9 percent drop in the previous month. It was the biggest decline in consumer prices since April 1970, as cost dropped further for food & non-alcoholic beverages (-1.67 percent vs -0.3 percent in September); transport (-4.69 percent vs -2.7 percent); restaurants & hotels (-1.38 percent vs -0.7 percent); miscellaneous goods & services (-2.09 percent vs -1.14 percent). In contrast, prices decreased less for clothing & footwear (-4.09 percent vs -4.21 percent); education (-5.03 percent vs -5.19 percent); furnishings & household equipment (-0.16 percent vs -0.51 percent); and recreation & culture (-1.97 percent vs -2.18 percent). Also, inflation was steady for housing & utilities (at 0.27 percent). On a monthly basis, consumer prices went down 0.19 percent, after declining 0.16 percent in the prior month. source: INEC, Ecuador
Inflation Rate in Ecuador averaged 20.71 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. Ecuador Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Inflation Rate in Ecuador is expected to be -0.40 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 0.50 in 12 months time. In the long-term, the Ecuador Inflation Rate is projected to trend around 0.70 percent in 2021 and 0.80 percent in 2022, according to our econometric models.