Ecuador Inflation December 2021

Ecuador

Ecuador: Inflation edges up in December

January 7, 2022

Consumer prices rose 0.07% over the prior month in December, following December’s 0.36% increase. Looking at the details of the press release, prices for transportation rose at a softer rate, while prices for food and non-alcoholic beverages cooled over the prior month.

Inflation accelerated to 1.9% in December from 1.8% in October, the joint-highest inflation rate since April 2016. Accordingly, the annual variation in consumer prices increased, coming in at 0.1%, following November’s minus 0.1%.

FocusEconomics panelists project inflation to end 2022 at 1.4%, which is up 0.1 percentage points from last month’s estimate and at 1.2% in 2023.


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Ecuador Inflation December 2021

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


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