Ecuador Inflation October 2020

Ecuador

Ecuador: Consumer prices plunge at sharpest annual pace on record in October

November 9, 2020

Consumer prices slipped 0.19% over the previous month in October, following the 0.16% dip logged in September. October’s result primarily reflected declining prices for food and non-alcoholic beverages, and in restaurants and hotels.

Consumer prices dropped 1.6% in year-on-year terms in October, much steeper than September’s 0.9% fall and marking the sharpest decline on record. Meanwhile, the annual variation in consumer prices came in at minus 0.2% in October, down from the flat reading in September.

FocusEconomics panelists project inflation to end 2021 and 2022 at 0.6% and 0.8%, respectively.


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Ecuador Inflation October 20 20

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


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