Ecuador Inflation February 2021

Ecuador

Ecuador: Consumer prices drop annually for eighth month running in February

February 4, 2021

Consumer prices rose 0.08% from the previous month in February, following the 0.12% increase in January. February’s slowdown was largely driven by a steeper fall in prices for clothing and footwear, and communications.

Consumer prices declined 0.8% in annual terms in February, after dropping 1.0% in January and marking the eighth successive month of falling prices. Meanwhile, the annual average variation in consumer prices came in at minus 0.5% in February, down from minus 0.4% in January.

FocusEconomics panelists project inflation to end 2021 and 2022 at 0.9% and 1.0%, respectively.


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Ecuador Inflation Chart


Ecuador Inflation February 2021

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


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