Cost of food in Ecuador increased 0.50 percent in October of 2019 over the same month in the previous year. Food Inflation in Ecuador averaged 4.32 percent from 2005 until 2019, reaching an all time high of 20.55 percent in August of 2008 and a record low of -3.60 percent in June of 2018.
Food Inflation 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 Food Inflation in Ecuador to stand at 0.70 in 12 months time. In the long-term, the Ecuador Food Inflation is projected to trend around 0.80 percent in 2020, according to our econometric models.