In December, consumer prices increased 0.51% over the previous month, which almost doubled the 0.27% increase recorded in November. Higher prices for food and alcoholic beverages, which rose 1.01% over November, as well as for clothing, which rose at the same 1.01% clip, were the main drivers behind the monthly price rise. Despite the monthly increase, annual headline inflation inched down from November's 3.4% to 3.3% in December. The result was in line with Central Bank expectations that inflation would end the year at 3.4%. Annual average inflation remained unchanged at November's 3.6%. Consensus Forecast panellists see inflation at -.-% by the end of 2011, which is down 0.1 percentage points from last month's estimate. Next year, participants estimate inflation to reach 3.5%.
Inflation ends year in line with Central Bank?s expectations
January 6, 2011
Looking for forecasts related to Inflation in Ecuador? Download a sample report now.
Ecuador Economic News
October 11, 2016
In August, economic activity recorded an annual contraction of 2.8%, according to the monthly indicator for economic activity (IDEAC, Índice de Actividad Económica Coyuntural).
October 7, 2016
In September, consumer prices rose 0.15% over the previous month, contrasting August’s 0.16% decrease.
October 3, 2016
The Ecuadorian economy performed slightly better in the second quarter, the result of gradually improving oil prices and an increase in crude output.
September 8, 2016
In July, economic activity plummeted and recorded the largest contraction in over ten years.
September 6, 2016
In August, consumer prices fell 0.16% over the previous month, the lowest reading in over three years.