Ecuador Inflation August 2021

Ecuador

Ecuador: Inflation rises in August

September 6, 2021

Consumer prices rose 0.12% over the previous month in August, cooling from July’s 0.53% increase. August’s softer increase was largely attributed to a weaker rise in prices for housing and utilities. Meanwhile, prices for food and non-alcoholic beverages slid over the prior month.

Inflation edged up to 0.9% August, above July’s 0.5% increase and logging the highest inflation rate since April 2020. Accordingly, the annual variation in consumer prices improved, coming in at minus 0.7%, following July’s minus 0.9%.

FocusEconomics panelists project inflation to end 2021 at 0.8%, which is up 0.1 percentage points from last month’s estimate and at 0.9% in 2022.


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Ecuador Inflation Chart


Ecuador Inflation August 2021

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


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