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.