Consumer prices in Ecuador edged up by 1.07% over a year in September of 2021, accelerating from 0.89% in the previous month. It was the highest reading since May of 2017, as prices rebounded for food and non-alcoholic beverages (0.45 percent vs -0.07), housing and utilities (0.02 percent vs -0.12 percent), and education (2.67 percent vs -1.19 percent). Conversely, inflation slowed for transportation (6.46 percent vs 7.28 percent) and furniture (1.12 percent vs 1.25 percent). On a monthly basis, consumer prices rose 0.02 percent, compared to 0.12 percent in August. source: INEC, Ecuador

Inflation Rate in Ecuador averaged 20.34 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 October of 2021.

Inflation Rate in Ecuador is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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


Calendar GMT Actual Previous Consensus TEForecast
2021-07-06 02:00 PM Jun -0.69% -1.13% -0.3%
2021-08-06 02:00 PM Jul 0.45% -0.69% 0.5%
2021-09-07 01:15 PM Aug 0.89% 0.45% 1.0%
2021-10-06 02:30 PM Sep 1.07% 0.89% 1%
2021-11-09 03:30 PM Oct 1.07%
2021-12-07 02:00 PM Nov


News Stream
Ecuador Inflation Rate at 4-Year High
Consumer prices in Ecuador edged up by 1.07% over a year in September of 2021, accelerating from 0.89% in the previous month. It was the highest reading since May of 2017, as prices rebounded for food and non-alcoholic beverages (0.45 percent vs -0.07), housing and utilities (0.02 percent vs -0.12 percent), and education (2.67 percent vs -1.19 percent). Conversely, inflation slowed for transportation (6.46 percent vs 7.28 percent) and furniture (1.12 percent vs 1.25 percent). On a monthly basis, consumer prices rose 0.02 percent, compared to 0.12 percent in August.
2021-10-06
Ecuador Inflation Rate at 16-Month High
Consumer prices in Ecuador increased by 0.89 percent over a year in August of 2021, accelerating from 0.45 percent in the previous month. It was the highest inflation rate since April of 2020, as cost advanced faster for transports (7.28 percent vs 5.82 percent) and furniture and household maintenance (1.25 percent vs 0.21 percent). Also, prices fell less for food and non-alcoholic beverages (-0.07 percent vs -0.85 percent), housing and utilities (-0.12 percent vs -0.13 percent), clothing and footwear (-3.53 percent vs -3.98 percent). Meanwhile, cost slowed for alcoholic beverages & tobacco (2.10 percent vs 2.16 percent) and healthcare (1.95 percent vs 3.26 percent). On a monthly basis, consumer prices rose by 0.12 percent, slowing down from a 0.53 percent increase in July.
2021-09-07
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 Last Unit Reference Previous Highest Lowest
Inflation Rate 1.07 percent Sep/21 0.89 107.87 -2.67
Consumer Price Index CPI 105.58 points Sep/21 105.57 106.56 0.01
Producer Prices 104.20 points Sep/21 102.45 104.80 11.11
CPI Transportation 112.73 points Sep/21 112.16 112.73 79.77
CPI Housing Utilities 116.38 points Sep/21 116.25 116.40 76.41
Food Inflation -0.07 percent Aug/21 -0.85 20.55 -4.35
Inflation Rate Mom 0.12 percent Aug/21 0.53 14.33 -3.84
Producer Prices Change 2.28 percent Jul/21 1.22 155.94 -5.77


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.