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. source: INEC, Ecuador
Inflation Rate in Ecuador averaged 20.43 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 July of 2021.
Inflation Rate in Ecuador is expected to be 1.40 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 2.50 in 12 months time. In the long-term, the Ecuador Inflation Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.