Ecuador Inflation September 2021

Ecuador

Ecuador: Inflation hits over four-year high in September

October 7, 2021

Consumer prices rose 0.02% over the previous month in September, cooling from August’s 0.12% increase. The result largely reflected a slower rise in prices for transportation. Meanwhile, the decline in prices for food and non-alcoholic beverages softened over the prior month.

Inflation accelerated to 1.1% from 0.9% August, logging the highest inflation rate since May 2017. Accordingly, the annual variation in consumer prices improved, coming in at minus 0.6%, following August’s minus 0.8%.

FocusEconomics panelists project inflation to end 2021 at 1.1%, which is up 0.3 percentage points from last month’s estimate and at 1.1% in 2022.


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Ecuador Inflation Chart


Ecuador Inflation September 2021 0

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


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