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.

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Ecuador Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.60 -0.90 107.87 -2.67 1970 - 2020 percent Monthly
2014=100


Calendar GMT Actual Previous Consensus TEForecast
2020-08-06 02:00 PM Jul -0.54% 0.17% 0.1%
2020-09-07 02:00 PM Aug -0.76% -0.54% -0.4%
2020-10-06 02:30 PM Sep -0.90% -0.76% -0.7%
2020-11-09 03:30 PM Oct -1.6% -0.90% -0.8%
2020-12-07 02:00 PM Nov -1.6% -1.4%
2021-01-07 01:15 PM Dec
2021-02-05 02:00 PM Jan
2021-03-09 02:00 PM Feb


News Stream
Ecuador Consumer Prices Fall the Most since 1970
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.
2020-11-09
Ecuador Consumer Prices Fall the Most in Over 2 Years in September
Consumer prices in Ecuador dropped 0.9 percent year-on-year in September 2020, following a 0.76 percent fall in the previous month. It was the biggest decline in consumer prices since May 2018, as cost of food & non-alcoholic beverages decreased (-0.3 percent vs 0.48 percent in August). Also, prices went down further for clothing & footwear (-4.21 percent vs -4.14 percent); education (-5.19 percent vs -1.44 percent); and miscellaneous goods & services (-1.14 percent vs -0.89 percent). Meanwhile, cost fell less for transport (-2.7 percent vs -3.9 percent); furnishings & household equipment (-0.51 percent vs -0.86 percent); and recreation & culture (-2.18 percent vs -2.21 percent). On a monthly basis, consumer prices declined 0.16 percent, after decreasing 0.32 percent in the prior month.
2020-10-06
Ecuador Consumer Prices Drop the Most in Over 2 Years
Consumer prices in Ecuador fell 0.76 percent year-on-year in August 2020, following a 0.54 percent drop in the previous month. It was the biggest decline in consumer prices since May 2018, as cost decreased further for transport (-3.9 percent vs -3.68 percent in July); clothing & footwear (-4.14 percent vs -3.78 percent); education (-1.44 percent vs -1.33 percent); furnishings & household equipment (-0.86 percent vs -0.48 percent); recreation & culture (-2.21 percent vs -1.89 percent); and miscellaneous goods & services (-0.89 percent vs -0.61 percent). Additionally, prices eased for food & non-alcoholic beverages (0.48 percent vs 1.2 percent); and communications (2.36 percent vs 2.63 percent). On a monthly basis, consumer prices went down 0.32 percent, after dropping 0.61 percent in the prior month.
2020-09-07
Ecuador Consumer Prices Fall the Most in 2 Years
Consumer prices in Ecuador dropped 0.54 percent in July 2020, following a 0.17 percent in the previous month. It was the biggest decline in consumer prices since July 2018, as cost continued to fall for transport (-3.68 percent vs -2.32 percent in June); clothing & footwear (-3.78 percent vs -4.26 percent); education (-1.33 percent vs -1.23 percent); recreation & culture (-1.89 percent vs -2.72 percent); and miscellaneous goods & services (-0.61 percent vs -0.05 percent). In addition, cost of restaurants & hotels declined (-0.98 percent vs 0.23 percent) while prices slowed for food & non-alcoholic beverages (1.2 percent vs 3.25 percent); and housing & utilities (0.29 percent vs 0.33 percent). On a monthly basis, consumer prices went down 0.61 percent, after decreasing 0.62 percent in the prior month.
2020-08-06

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.