Consumer prices in Ecuador dropped 0.9 percent year-on-year in September 2020, following a 0.76 percent fall in the previous month. It was the biggest decline in consumer prices since May 2018, as cost of food & non-alcoholic beverages decreased (-0.3 percent vs 0.48 percent in August). Also, prices went down further for clothing & footwear (-4.21 percent vs -4.14 percent); education (-5.19 percent vs -1.44 percent); and miscellaneous goods & services (-1.14 percent vs -0.89 percent). Meanwhile, cost fell less for transport (-2.7 percent vs -3.9 percent); furnishings & household equipment (-0.51 percent vs -0.86 percent); and recreation & culture (-2.18 percent vs -2.21 percent). On a monthly basis, consumer prices declined 0.16 percent, after decreasing 0.32 percent in the prior month.
Inflation Rate in Ecuador averaged 20.79 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 October of 2020. source: INEC, Ecuador
Inflation Rate in Ecuador is expected to be -0.70 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 0.30 in 12 months time. In the long-term, the Ecuador Inflation Rate is projected to trend around 0.70 percent in 2021 and 0.80 percent in 2022, according to our econometric models.