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. source: INEC, Ecuador
Inflation Rate in Ecuador averaged 20.61 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 February of 2021.
Inflation Rate in Ecuador is expected to be -0.10 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 0.70 in 12 months time. In the long-term, the Ecuador Inflation Rate is projected to trend around 0.80 percent in 2022, according to our econometric models.