Ecuador Inflation December 2020

Ecuador

Ecuador: Consumer prices drop again in annual terms in December

January 7, 2021

Consumer prices dropped 0.03% over the previous month in December, following November’s 0.01% decline. December’s result largely reflected falling prices for food and non-alcoholic beverages as well as clothing and footwear.

Consumer prices slipped 0.9% in year-on-year terms in December, matching November’s result and marking the sixth consecutive month of falling prices. Similarly, the annual average variation in consumer prices remained stable, coming in at November’s minus 0.3% in December.

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


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Ecuador Inflation December 20 20

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


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