Ecuador Inflation November 2020

Ecuador

Ecuador: Consumer prices decline annually for fifth consecutive month in November

December 8, 2020

Consumer prices slipped 0.01% over the previous month in November, following the 0.19% decline logged in October. November’s result mainly reflected lower prices for recreation and culture, clothing and footwear, and housing and utilities.

Consumer prices dipped 0.9% in year-on-year terms in November, softening from October’s 1.6% drop which had marked the steepest decline on record and marking the fifth successive month of falling prices. Meanwhile, the annual average variation in consumer prices came in at minus 0.3% in November, down from minus 0.2% in the previous month.

FocusEconomics panelists project inflation to end 2021 and 2022 at 0.9% and 1.2%, respectively.


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Ecuador Inflation November 20 20

Note: Annual and monthly variation of consumer price index in %.
Source: National Statistical Institute.


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