Mountains in Ecuador

Ecuador Inflation March 2023

Ecuador: Inflation eases slightly in March, but remains relatively elevated

Consumer prices rose 0.11% over the prior month in March, following February’s 0.23% increase. Looking at the details of the press release, prices for food and non-alcoholic beverages increased at a slower pace, while prices for transport also rose at a softer rate.

Inflation eased slightly to 2.6% in March from 2.7% in February. Accordingly, the annual average inflation increased, coming in at 1.1%, following February’s 0.7%.

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