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.