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.


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Ecuador Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.07 0.04 107.87 -2.67 1970 - 2019 percent Monthly
2014=100

Calendar GMT Actual Previous Consensus TEForecast
2019-10-04 02:30 PM Sep -0.07% 0.33% 0.5%
2019-11-08 03:00 PM Oct 0.5% -0.07% 0.4%
2019-12-05 04:00 PM Nov 0.04% 0.5% 0.6%
2020-01-07 01:15 PM Dec -0.07% 0.04% 0.1%
2020-02-06 02:00 PM Jan -0.07% 0.2%


News Stream
2019-12-05
Ecuador Annual Inflation Rate Slows in November
The annual inflation rate in Ecuador fell to 0.04 percent in November 2019 from 0.5 percent in the previous month. Prices eased for transport (0.95 percent from 3.58 percent in October); housing & utilities (0.41 percent from 0.55 percent); education (3.14 percent from 3.15 percent); and miscellaneous goods & services (-0.93 percent from -0.86 percent). Also, cost fell for food & non-alcoholic beverages (-0.44 percent from 0.5 percent); and restaurants & hotels (-0.02 percent from 0.27 percent). In addition, prices of communications dropped further (-0.34 percent from -0.26 percent). Meanwhile, cost of recreation & culture rebounded (0.35 percent from -2.54 percent); and prices rose at a faster pace for health (1.31 percent from 1.06 percent). On a monthly basis, consumer prices declined 0.7 percent, after a 0.52 percent gain in October.

2019-11-08
Ecuador October Inflation Rate Rises to 0.5%
Consumer prices in Ecuador rose 0.5 percent year-on-year in October 2019, after declining 0.07 percent in the previous month. Prices rebounded for food & non-alcoholic beverages (0.5 percent from -0.35 percent in September); and restaurants & hotels (0.27 percent from -0.26 percent). Additionally, cost of transport increased further (3.58 percent from 1.51 percent). Also, prices fell less clothing & footwear (-2.5 percent from -2.58 percent); furnishing & household equipment (-1.63 percent from -1.67 percent); and communications (-0.26 percent from -3.8 percent). Meanwhile, prices eased for housing & utilities (0.55 percent from 0.77 percent); and health (1.06 percent from 1.33 percent). In addition, cost of recreation & culture declined at a faster pace (-2.54 percent from -1.68 percent). On a monthly basis, consumer prices went up 0.52 percent, following a 0.01 percent fall in the prior month.

2019-10-04
Ecuador Consumer Prices Fall for 1st time in 6 Months
Consumer prices in Ecuador fell 0.07 percent in September 2019, after rising 0.33 percent in the previous month. Cost declined further for food & non-alcoholic beverages (-0.35 percent from -0.03 percent in August); clothing & footwear (-2.58 percent from -2.54 percent); restaurants & hotels (-0.26 percent from -0.01 percent); furnishing & household equipment (-1.67 percent from -1.65 percent); recreation & culture (-1.68 percent from -0.3 percent); and communications (-3.8 percent from -1.77 percent). Also, prices eased for transport (1.51 percent from 2.64 percent); housing & utilities (0.77 percent from 0.89 percent); and health (1.33 percent from 1.71 percent). On a monthly basis, consumer prices went down 0.01 percent, following a 0.10 percent fall in the prior month.

2019-09-06
Ecuador Annual Inflation Rate Falls to 0.33% in August
The annual inflation rate in Ecuador fell to 0.33 percent in August 2019 from 0.71 percent in July. Cost dropped for food & non-alcoholic beverages (-0.03 percent from 0.94 percent in July) and recreation & culture (-0.3 percent from a flat reading). Additionally, prices slowed for transport (2.64 percent from 3.4 percent); housing & utilities (0.89 percent from 0.90 percent); and education (2.47 percent from 2.5 percent). Also, cost declined further for clothing & footwear (-2.54 percent from -2.4 percent); furnishing & household equipment (-1.65 percent from -1.42 percent); and communications (-1.77 percent from -0.73 percent). Meanwhile, cost of miscellaneous goods & services decreased less (-0.68 percent from -1.21 percent). On a monthly basis, consumer prices went down 0.10 percent, after declining 0.04 percent in the prior month.

2019-07-05
Ecuador June Inflation Rate at Over 2-Year High
The annual inflation rate in Ecuador rose to 0.61 percent in June 2019 from 0.37 percent in the previous month. It was the highest inflation rate since May 2017, as prices went up further for food & non-alcoholic beverages (0.56 percent from 0.43 percent in May); transport (3.45 percent from 2.75 percent); housing & utilities (0.89 percent from 0.75 percent); and education (2.5 percent from 2.46 percent). Also, cost dropped less for clothing & footwear (-2.02 percent from -2.48 percent); recreation & culture (-0.45 percent from -2.23 percent); and communications (-0.67 percent from -0.8 percent). Meanwhile, cost of restaurants & hotels eased (0.28 percent from 0.38 percent) and prices declined at a faster pace for furnishing & household equipment (-1.45 percent from -1.15 percent); and miscellaneous goods & services (-1.23 percent from -1.03 percent). On a monthly basis, consumer prices went down 0.04 percent, after a 0.19 percent gain in May.

2019-06-06
Ecuador Annual Inflation Rate at 4-Month High in May
The annual inflation rate in Ecuador increased to 0.37 percent in May 2019 from 0.19 percent in the previous month. Prices rose further for food & non-alcoholic beverages (0.43 percent vs 0.33 percent in April); transport (2.75 percent vs 2.03 percent) and education (2.46 percent vs 2.39 percent). In addition, prices fell less for clothing & footwear (-2.48 percent vs -2.56 percent); furnishing & household equipment (-1.15 percent vs -1.46 percent); recreation & culture (-2.23 percent vs -3.41 percent); and communications (-0.8 percent vs -1.1 percent). Also, cost of restaurants & hotels rebounded (0.38 percent vs -0.13 percent). On the other hand, prices of miscellaneous goods & services dropped at a faster pace (-1.03 percent vs -0.67 percent) and inflation was steady for housing & utilities (0.75 percent, the same as in April). On a monthly basis, consumer prices went up 0.19 percent, after rising 0.17 percent in the prior month.


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.

Ecuador Prices Last Previous Highest Lowest Unit
Inflation Rate -0.07 0.04 107.87 -2.67 percent [+]
Consumer Price Index CPI 105.21 105.22 106.17 0.01 points [+]
Producer Prices 104.32 103.43 104.60 11.10 points [+]
Producer Prices Change 0.50 0.50 155.94 -5.77 percent [+]
Inflation Rate Mom -0.01 -0.70 14.33 -3.84 percent [+]
Food Inflation -0.63 -0.44 20.55 -3.60 percent [+]
Gdp Deflator 150.20 152.81 152.81 41.81 points [+]
CPI Housing Utilities 115.97 116.00 116.06 76.41 points [+]
CPI Transportation 108.36 108.13 111.18 79.77 points [+]