Consumer prices in Ecuador declined by 1.47 percent year-on-year in April of 2021, the 10th straight month of deflation, after a 0.83 percent drop in the previous period. Main downward pressure came from prices of food & non-alcoholic beverages (-4.35 percent vs -0.40 percent), miscellaneous good (-2.47 percent vs -2.36 percent) and restaurants & hotels (-1.69 percent vs -1.06 percent). Nevertheless, prices of housing & utilities were little changed (0.03 percent vs -0.10 percent) and transport cost rebounded (1.11 percent vs -0.41 percent). On a monthly basis, consumer prices rose 0.35 percent, after edging up by 0.18 in the month prior. source: INEC, Ecuador

Inflation Rate in Ecuador averaged 20.50 percent from 1970 until 2021, 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 May of 2021.

Inflation Rate in Ecuador is expected to be 0.30 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 1.00 in 12 months time. In the long-term, the Ecuador Inflation Rate is projected to trend around 1.20 percent in 2022 and 1.70 percent in 2023, according to our econometric models.

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Ecuador Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.47 -0.83 107.87 -2.67 1970 - 2021 percent Monthly
2014=100


Calendar GMT Actual Previous Consensus TEForecast
2021-02-05 02:00 PM Jan -1.04% -0.93% -1%
2021-03-09 11:30 AM Feb -0.81% -1.04% -0.9%
2021-04-07 02:00 PM Mar -0.83% -0.81% -0.4%
2021-05-07 02:00 PM Apr -1.47% -0.83% -0.7%
2021-06-04 02:00 PM May -1.47%
2021-07-06 02:00 PM Jun
2021-08-06 02:00 PM Jul
2021-09-07 02:00 PM Aug


News Stream
Ecuador Consumer Prices Drop for 10th Month
Consumer prices in Ecuador declined by 1.47 percent year-on-year in April of 2021, the 10th straight month of deflation, after a 0.83 percent drop in the previous period. Main downward pressure came from prices of food & non-alcoholic beverages (-4.35 percent vs -0.40 percent), miscellaneous good (-2.47 percent vs -2.36 percent) and restaurants & hotels (-1.69 percent vs -1.06 percent). Nevertheless, prices of housing & utilities were little changed (0.03 percent vs -0.10 percent) and transport cost rebounded (1.11 percent vs -0.41 percent). On a monthly basis, consumer prices rose 0.35 percent, after edging up by 0.18 in the month prior.
2021-05-07
Ecuador Consumer Prices Fall for 9th Month
Consumer prices in Ecuador went down 0.83 percent year-on-year in March of 2021, following a 0.81 percent drop in the previous month, pointing to the 9th straight month of deflation. Main downward pressure came from education (-5.42 percent); clothing & footwear (-4.54 percent); miscellaneous goods & services (-2.36 percent); food & non-alcoholic beverages (-0.40 percent); and restaurants & hotels (-1.06 percent). On a monthly basis, consumer prices edged up 0.18 percent after being little changed in February.
2021-04-07
Ecuador Deflation Extends in February
Consumer prices in Ecuador fell 0.81 percent year-on-year in February of 2021, the 8th straight month of deflation. Prices continued to decrease mostly for education (-5.37 percent vs -5.30 percent in January); clothing & footwear (-4.31 percent vs -4.03 percent); transport (-1.66 percent vs -1.77 percent). Nevertheless, costs rebounded for food & non-alcoholic beverages (0.10 percent vs -0.74 percent) counteracting the continuous decline of the previous 5 months. On a monthly basis, consumer prices were little changed.
2021-03-09
Ecuador Consumer Prices Fall for 7th Month
Consumer prices in Ecuador fell 1.04 percent year-on-year in January of 2021, after decreasing 0.93 percent in the prior month and marking the 7th straight month of deflation. Prices continued to decrease mostly for education (-5.30 percent vs -4.89 percent in December); clothing & footwear (-4.03 percent vs -4.14 percent); transport (-1.77 percent vs -2.30 percent) and food & non-alcoholic beverages (-0.74 percent vs -0.06 percent). On a monthly basis, consumer prices went up 0.12 percent, after being almost flat in the previous month.
2021-02-05

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.