Inflation in Ecuador
Ecuador - Inflation
Inflation edges up in December
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.
Ecuador - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 4.0 | 1.7 | 0.4 | -0.2 | 0.3 |
Ecuador Inflation Chart
Source: Central Bank of Ecuador and FocusEconomics calculations.
Ecuador Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 25,000 | 0.0 % | Dec 31 |
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Economic News
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Ecuador: Economic activity rises in November
January 15, 2022
Economic activity expanded 13.8% compared to the same month of the previous year in November, improving from October’s 12.6% increase.
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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.
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Ecuador: GDP growth slows in Q3
December 30, 2021
GDP increased 5.6% in annual terms in the third quarter, below Q2’s 11.6% expansion, largely due to a less favorable base effect. A marked deterioration in the external sector was largely behind Q3’s slowdown.
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Ecuador: Economic activity records slowest expansion since since February in October
December 20, 2021
Economic activity expanded 12.6% compared to the same month of the previous year in October, which was a deterioration from September's 13.9% increase.
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Ecuador: Inflation hits over five-year high in November
December 6, 2021
Consumer prices increased 0.36% over the prior month in November, accelerating from October’s 0.21% rise.
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