Ecuador Inflation April 2021

Ecuador

Ecuador: Consumer prices drop at a sharper rate in annual terms in April

May 6, 2021

Consumer prices rose 0.35% over the previous month in April, following the 0.18% increase in March, logging the highest reading in a year. April’s upturn was largely owing to higher prices for transportation.

Meanwhile, consumer prices fell 1.5% in annual terms in April, bellow March’s 0.8% decline, marking the lowest result in six months. Similarly, the annual average variation in consumer prices deteriorated, coming at minus 0.7% in April, following February’s minus 0.5%.

FocusEconomics panelists project inflation to end 2021 at 0.9%, which is unchanged from last month’s estimate and at 1.1% in 2022.


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Ecuador Inflation Chart


Ecuador Inflation April 2021

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


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