Inflation in Ecuador
Ecuador - Inflation
Inflation jumps in October
Consumer prices increased 0.21% over the previous month in October, accelerating from September’s 0.02% rise. The increase was chiefly driven by higher price pressures for food and non-alcoholic beverages as well as for transportation.
Inflation accelerated to 1.5% in October from 1.1% in September, logging the highest inflation rate since August 2016. Accordingly, the annual variation in consumer prices improved, coming in at minus 0.3%, following September’s minus 0.6%.
FocusEconomics panelists project inflation to end 2022 at 1.3%, which is up 0.2 percentage points from last month’s estimate and at 1.3% again in 2023.
Ecuador - Inflation Data
|Inflation Rate (CPI, annual variation in %)||4.0||1.7||0.4||-0.2||0.3|
5 years of economic forecasts for more than 30 economic indicators.
Ecuador Inflation Chart
Source: Central Bank of Ecuador and FocusEconomics calculations.
|Exchange Rate||25,000||0.0 %||Dec 31|
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November 13, 2021
Economic activity increased 13.9% compared to the same month a year earlier in September, which was a deterioration from August's 17.2% increase.
November 8, 2021
Consumer prices increased 0.21% over the previous month in October, accelerating from September’s 0.02% rise.
October 13, 2021
Economic activity expanded a solid 17.2% in annual terms in August, but cooled from August’s 19.3% jump.
October 7, 2021
Consumer prices rose 0.02% over the previous month in September, cooling from August’s 0.12% increase.
September 30, 2021
The economy bounced back in the second quarter, growing 8.4% in annual terms and contrasting the prior quarter’s 5.4% contraction. The rebound was attributed to firming domestic demand.