Consumer prices in Ecuador edged up by 1.47 percent over a year in October of 2021, accelerating from 1.07 percent in the previous month. It was the highest reading since July of 2016, as prices accelerated for food and non-alcoholic beverages (0.97 percent vs 0.45 percent), transportation (7.3 percent vs 6.46 percent), furniture and household maintenance (1.56 percent vs 1.12 percent), and restaurants and hotels. Conversely, inflation slightly slowed for housing and utilities (0.01 percent vs 0.02 percent). On a monthly basis, consumer prices rose 0.21 percent from a 0.02 percent increase in September. source: INEC, Ecuador
Inflation Rate in Ecuador averaged 20.31 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 December 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.