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 November 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.

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Ecuador Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-06 02:30 PM Sep 1.07% 0.89% 1%
2021-11-09 03:30 PM Oct 1.47% 1.07% 1.2%
2021-12-07 02:00 PM Nov 1.47%


Related Last Previous Unit Reference
Inflation Rate 1.47 1.07 percent Oct/21
Consumer Price Index CPI 105.80 105.58 points Oct/21
Producer Prices 104.76 104.20 points Oct/21
Food Inflation 0.97 0.45 percent Oct/21
CPI Transportation 113.69 112.73 points Oct/21
CPI Housing Utilities 116.34 116.38 points Oct/21
Inflation Rate Mom 0.21 0.02 percent Oct/21
Producer Prices Change 2.26 1.77 percent Sep/21

News Stream
Ecuador Inflation Rate at Over 5-Year High
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.
2021-11-09
Ecuador Inflation Rate at 4-Year High
Consumer prices in Ecuador edged up by 1.07% over a year in September of 2021, accelerating from 0.89% in the previous month. It was the highest reading since May of 2017, as prices rebounded for food and non-alcoholic beverages (0.45 percent vs -0.07), housing and utilities (0.02 percent vs -0.12 percent), and education (2.67 percent vs -1.19 percent). Conversely, inflation slowed for transportation (6.46 percent vs 7.28 percent) and furniture (1.12 percent vs 1.25 percent). On a monthly basis, consumer prices rose 0.02 percent, compared to 0.12 percent in August.
2021-10-06
Ecuador Inflation Rate at 16-Month High
Consumer prices in Ecuador increased by 0.89 percent over a year in August of 2021, accelerating from 0.45 percent in the previous month. It was the highest inflation rate since April of 2020, as cost advanced faster for transports (7.28 percent vs 5.82 percent) and furniture and household maintenance (1.25 percent vs 0.21 percent). Also, prices fell less for food and non-alcoholic beverages (-0.07 percent vs -0.85 percent), housing and utilities (-0.12 percent vs -0.13 percent), clothing and footwear (-3.53 percent vs -3.98 percent). Meanwhile, cost slowed for alcoholic beverages & tobacco (2.10 percent vs 2.16 percent) and healthcare (1.95 percent vs 3.26 percent). On a monthly basis, consumer prices rose by 0.12 percent, slowing down from a 0.53 percent increase in July.
2021-09-07

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.