Ecuador Inflation October 2021

Ecuador

Ecuador: Inflation jumps in October

November 8, 2021

Consumer prices increased 0.21% over the previous month in October, accelerating from September’s 0.02% rise. The increase was chiefly driven by higher price pressures for food and non-alcoholic beverages as well as for transportation.

Inflation accelerated to 1.5% in October from 1.1% in September, logging the highest inflation rate since August 2016. Accordingly, the annual variation in consumer prices improved, coming in at minus 0.3%, following September’s minus 0.6%.

FocusEconomics panelists project inflation to end 2022 at 1.3%, which is up 0.2 percentage points from last month’s estimate and at 1.3% again in 2023.


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Ecuador Inflation October 2021 0

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


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