The annual inflation rate in Ecuador rose to 1.01 percent in April 2020 from 0.18 percent in the previous month. It was the highest inflation rate since May 2017, amid the coronavirus crisis. Prices increased further in food & non-alcoholic beverages (4.57 percent vs 0.35 percent in March); housing & utilities (0.79 percent vs 0.78 percent); communication (2.83 percent vs 2.84 percent); and health (2.08 percent vs 2.06 percent). Also, prices rebounded for miscellaneous goods & services (0.17 percent vs -0.43 percent); and alcoholic beverages & tobacco dropped (0.22 percent vs -0.25 percent). In contrast, cost fell at a faster pace for transport (-0.56 percent vs -0.09 percent); and furnishings (-1.42 percent vs -0.97 percent). On a monthly basis, consumer prices went up 1 percent, the most since 2012, after a 0.2 percent gain in March.
Inflation Rate in Ecuador averaged 20.93 percent from 1970 until 2020, 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 May of 2020. source: INEC, Ecuador
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 0.60 in 12 months time. In the long-term, the Ecuador Inflation Rate is projected to trend around 1.10 percent in 2021 and 1.60 percent in 2022, according to our econometric models.