Mountains in Ecuador

Ecuador Inflation January 2024

Ecuador: Inflation comes in at highest level since November 2023 in January

Inflation edged up to 1.4% in January, above December’s 1.3%. January’s figure was the highest inflation rate since November 2023. Looking at the details of the release, prices for transportation fell at a sharper rate in January, while prices for communication and food grew at quicker rates.

Annual average inflation edged down to 2.1% in January (December: 2.2%).

Lastly, consumer prices increased 0.13% from the previous month in January, contrasting December’s 0.02% drop. January’s figure marked the highest reading since August 2023.

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