Consumer prices in Ecuador decreased 0.1 percent from a year earlier in December 2019, after being almost unchanged in the prior month. Prices fell for food & non-alcoholic beverages (-0.63 percent vs -0.44 percent in November); clothing & footwear (-2.13 percent vs -2.26 percent); furnishings (-1.44 percent vs -1.37 percent); miscellaneous goods & services (-1.15 percent vs -0.93 percent) and communication (-0.33 percent vs -0.34 percent). In addition, cost slowed for housing & utilities (0.35 percent vs 0.41 percent) and transport (0.76 percent vs 0.95 percent). On a monthly basis, consumer prices dropped 0.01 percent, after falling 0.7 percent in the previous month.
Inflation Rate in Ecuador averaged 21.06 percent from 1970 until 2019, 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 0.50 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 1.40 in 12 months time. In the long-term, the Ecuador Inflation Rate is projected to trend around 1.60 percent in 2020, according to our econometric models.