Mountains in Ecuador

Ecuador Inflation February 2023

Ecuador: Inflation drops to lowest level since April 2022 in February

Inflation came in at 2.9% in February, down from January’s 3.1%. February’s figure represented the weakest inflation rate since April 2022. The slowdown was broad-based, with price growth for transportation and food registering the most notable decelerations.

That said, the trend was unchanged, with annual average inflation coming in at January’s 3.5% in February.

Lastly, consumer prices rose 0.02% in February over the previous month, moderating from January’s 0.12% increase.

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