Consumer prices in Ecuador declined 0.69 percent over a year in June of 2021, easing from a 1.13 percent drop in the previous month. It was the twelfth straight month of deflation in the country, albeit at the slowest pace after July of 2020. Main downward pressure came from prices of food & non-alcoholic beverages (-3.47 percent vs -3.19 percent in May); miscellaneous goods & services (-2.35 percent vs -2.05 percent); clothing & footwear (-3.54 percent vs -4.67 percent); restaurants & hotels (-1.56 percent vs -4.25 percent); and education (-1.30 percent vs -1.82 percent). Meanwhile, prices were seen rising at a faster pace in transport (3.71 percent vs 2.51 percent) and healthcare (2.97 percent vs 2.30 percent). On a monthly basis, consumer prices edged down 0.18 percent, following a 0.08 percent increase in May. source: INEC, Ecuador

Inflation Rate in Ecuador averaged 20.43 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 July of 2021.

Inflation Rate in Ecuador is expected to be 1.40 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 2.50 in 12 months time. In the long-term, the Ecuador Inflation Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.

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Ecuador Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.69 -1.13 107.87 -2.67 1970 - 2021 percent Monthly
2014=100


Calendar GMT Actual Previous Consensus TEForecast
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 01:55 PM May -1.13% -1.47%
2021-07-06 02:00 PM Jun -0.69% -1.13% -0.3%
2021-08-06 02:00 PM Jul -0.69% 0.5%
2021-09-07 02:00 PM Aug 1.0%
2021-10-06 02:30 PM Sep
2021-11-09 03:30 PM Oct


News Stream
Ecuador Consumer Prices Fall the Least in 11 Months
Consumer prices in Ecuador declined 0.69 percent over a year in June of 2021, easing from a 1.13 percent drop in the previous month. It was the twelfth straight month of deflation in the country, albeit at the slowest pace after July of 2020. Main downward pressure came from prices of food & non-alcoholic beverages (-3.47 percent vs -3.19 percent in May); miscellaneous goods & services (-2.35 percent vs -2.05 percent); clothing & footwear (-3.54 percent vs -4.67 percent); restaurants & hotels (-1.56 percent vs -4.25 percent); and education (-1.30 percent vs -1.82 percent). Meanwhile, prices were seen rising at a faster pace in transport (3.71 percent vs 2.51 percent) and healthcare (2.97 percent vs 2.30 percent). On a monthly basis, consumer prices edged down 0.18 percent, following a 0.08 percent increase in May.
2021-07-06
Ecuador Consumer Prices Fall for 11th Month
Consumer prices in Ecuador decreased by 1.13 percent year-on-year in May of 2021, easing from a 1.47 percent decline in the previous period. Prices of food & non-alcoholic beverages dropped at a slower pace (-1.13 percent vs -1.47 percent in April), while transport inflation accelerated further (2.30 percent vs 2.20 percent). Meanwhile, housing & utilities prices remained flat, while deflation quickened for restaurants & hotels (-4.25 percent vs -1.69 percent) and clothing & footwear (-4.67 percent vs -3.54 percent). On a monthly basis, consumer prices edged up 0.08 percent, easing from a 0.35 increase the month prior.
2021-06-04
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 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.