The annual inflation rate in Ecuador declined to 0.17 percent in June 2020 from 0.75 percent in the previous month. Prices slowed for food & non-alcoholic beverages (3.25 percent vs 3.4 percent in May); housing & utilities (0.33 percent vs 0.55 percent); restaurants & hotels (0.23 percent vs 2.77 percent); health (2.25 percent vs 2.61 percent); and communication (2.13 percent vs 2.46 percent). Also, cost fell further for transport (-2.32 percent vs -1.19 percent); clothing & footwear (-4.26 percent vs -3.12 percent); education (-1.23 percent vs -0.70 percent); and recreation & culture (-2.72 percent vs -2.62 percent). On a monthly basis, consumer prices went down 0.62 percent, following a 0.26 percent fall in the prior month.

Inflation Rate in Ecuador averaged 20.89 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 July of 2020. source: INEC, Ecuador

Inflation Rate in Ecuador is expected to be 0.50 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 0.40 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.

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Ecuador Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.17 0.75 107.87 -2.67 1970 - 2020 percent Monthly
2014=100


Calendar GMT Actual Previous Consensus TEForecast
2020-04-06 02:00 PM Mar 0.18% -0.23% -0.3%
2020-05-08 02:00 PM Apr 1.01% 0.18% -0.1%
2020-06-05 02:00 PM May 0.75% 1.01% 0.8%
2020-07-06 02:00 PM Jun 0.17% 0.75% 0.7%
2020-08-06 02:00 PM Jul 0.17% 0.1%
2020-09-07 02:00 PM Aug
2020-10-05 02:30 PM Sep 0.5%
2020-11-09 03:00 PM Oct


News Stream
Ecuador Inflation Rate Slows to 4-Month Low in June
The annual inflation rate in Ecuador declined to 0.17 percent in June 2020 from 0.75 percent in the previous month. Prices slowed for food & non-alcoholic beverages (3.25 percent vs 3.4 percent in May); housing & utilities (0.33 percent vs 0.55 percent); restaurants & hotels (0.23 percent vs 2.77 percent); health (2.25 percent vs 2.61 percent); and communication (2.13 percent vs 2.46 percent). Also, cost fell further for transport (-2.32 percent vs -1.19 percent); clothing & footwear (-4.26 percent vs -3.12 percent); education (-1.23 percent vs -0.70 percent); and recreation & culture (-2.72 percent vs -2.62 percent). On a monthly basis, consumer prices went down 0.62 percent, following a 0.26 percent fall in the prior month.
2020-07-06
Ecuador Inflation Rate Slows to 0.75% in May
The annual inflation rate in Ecuador fell to 0.75 percent in May 2020 from 1.01 percent in the previous month. Prices eased for food & non-alcoholic beverages (3.4 percent vs 4.57 percent in April); housing & utilities (0.55 percent vs 0.79 percent); communication (2.46 percent vs 2.83 percent); and miscellaneous goods & services (0.06 percent vs 0.17 percent). Additionally, cost of transport dropped further (-1.19 percent vs -0.56 percent). On a monthly basis, consumer prices declined 0.26 percent, after rising 1 percent in the prior month.
2020-06-05
Ecuador Inflation Rate Rises to Near 3-Year High in April
The annual inflation rate in Ecuador rose to 1.01 percent in April 2020 from 0.18 percent in the previous month. It was the highest inflation rate since May 2017, amid the coronavirus crisis. Prices increased further in food & non-alcoholic beverages (4.57 percent vs 0.35 percent in March); housing & utilities (0.79 percent vs 0.78 percent); communication (2.83 percent vs 2.84 percent); and health (2.08 percent vs 2.06 percent). Also, prices rebounded for miscellaneous goods & services (0.17 percent vs -0.43 percent); and alcoholic beverages & tobacco dropped (0.22 percent vs -0.25 percent). In contrast, cost fell at a faster pace for transport (-0.56 percent vs -0.09 percent); and furnishings (-1.42 percent vs -0.97 percent). On a monthly basis, consumer prices went up 1 percent, the most since 2012, after a 0.2 percent gain in March.
2020-05-08
Ecuador Inflation Rate Rises to 5-Month High in March
Consumer prices in Ecuador rose 0.18 percent year-on-year in March 2020, after dropping 0.23 percent in the previous month. It was the highest inflation rate since October last year, as prices rebounded for food & non-alcoholic beverages (0.35 percent vs -1.07 percent in February). Also, cost advanced further for housing & utilities (0.78 percent vs 0.54 percent); communication (2.84 percent vs 2.58 percent); and health (2.06 percent vs 2.04 percent). In addition, prices fell at a softer pace for transport (-0.09 percent vs -0.13 percent); furnishings (-0.97 percent vs -1.27 percent); and miscellaneous goods & services (-0.43 percent vs -0.88 percent). Meanwhile, cost of alcoholic beverages & tobacco dropped (-0.25 percent vs 0.04 percent). On a monthly basis, consumer prices went up 0.2 percent, rebounding from a 0.15 percent fall in February.
2020-04-06

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.