Inflation Rate YoY
Ecuador inflation … Inflation Rate in Ecuador decreased by 0.62 % in June 2020 over the previous month. TEForecast Consumer prices drop at sharpest annual clip in two years in July Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data.
Others include: Leisure and Culture (5.9 percent); Other Goods and Services (5.2 percent); Communications (4.4 percent) and Alcoholic Beverages, Tobacco and Narcotics (0.9 percent).
Ecuador: Inflation plunges to four-month low in June. Ecuador: GDP contracts in Q1 at sharpest pace in four years.
Inflation Rate in Ecuador averaged 20.89 percent from 1970 until 2020, reaching an all time high of 107.87 percent in September of 2000 and a record low of -2.67 percent in April of 1970. Inflation Rate YoY Inflation Rate YoY The CPI reflects the prices and spending patterns registered in eight representative cities: Quito, Guayaquil, Cuenca, Machala, Esmeraldas, Manta, Ambato and Loja, which account for 67.44 percent of the urban population of the country. Consumer prices fell 0.62% in June over the last month, which was below the 0.26% fall recorded in May. Also, cost fell further for transport (-2.32 percent vs -1.19 percent); clothing & footwear (-4.26 percent vs -3.12 percent); education (-1.23 percent vs -0.70 percent); and recreation & culture (-2.72 percent vs -2.62 percent). Additionally, cost of transport dropped further (-1.19 percent vs -0.56 percent). It was the highest inflation rate since May 2017, amid the coronavirus crisis. The national index has a base of 100 as of 2004. Restaurants and Hotels account for 6.8 percent; Education for 6.78 percent; Furniture and Household Equipment for 6.1 percent and Health Care for 6 percent.
Economic activity decreased 14.6% year-on-year in May, following April’s 12.7% drop and marking the worst reading on record. Prices increased further in food & non-alcoholic beverages (4.57 percent vs 0.35 percent in March); housing & utilities (0.79 percent vs 0.78 percent); communication (2.83 percent vs 2.84 percent); and health (2.08 percent vs 2.06 percent). On a monthly basis, consumer prices went up 1 percent, the most since 2012, after a 0.2 percent gain in March.In Ecuador, the main components of the consumer price index are: Food and Non-Alcoholic Beverages (25.1 percent of the total weight); Transport (13.6 percent); Housing, Water, Electricity, Gas and Other Fuels (10.2 percent) and Clothing and Footwear (9 percent). Economic activity dropped 2.8% year-on-year in April (March: -3.3% year-on-year) according to the monthly economic activity indicator (IDEAC) released by the Central Bank of Ecuador. Inflation Rate YoY Inflation Rate YoY On a monthly basis, consumer prices went down 0.62 percent, following a 0.26 percent fall in the prior month.The annual inflation rate in Ecuador fell to 0.75 percent in May 2020 from 1.01 percent in the previous month. Also, prices rebounded for miscellaneous goods & services (0.17 percent vs -0.43 percent); and alcoholic beverages & tobacco dropped (0.22 percent vs -0.25 percent). 2014=100 It was the biggest decline in consumer prices since July 2018, as cost continued to fall for transport (-3.68 percent vs -2.32 percent in June); clothing & footwear (-3.78 percent vs -4.26 percent); education (-1.33 percent vs -1.23 percent); recreation & culture (-1.89 percent vs -2.72 percent); and miscellaneous goods & services (-0.61 percent vs -0.05 percent).
July 6, 2020. Consumer prices fell 0.62% in June over the last month, which was below the 0.26% fall recorded in May. Looking for forecasts related to Inflation in Ecuador? Inflation Rate YoY Inflation Rate YoY Read more.
July 6, 2020. On a monthly basis, economic activity rose 0.2% in April (March: -0.3% month-on-month).
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