Mountains in Ecuador

Ecuador Inflation June 2023

Ecuador: Inflation falls to over one-year low in June

Inflation came in at 1.7% in June, down from May’s 2.0%. June’s result represented the weakest inflation rate since October 2021. Looking at the details of the release, prices for transportation fell in June. Moreover, prices for food and non-alcoholic beverages increased at a more moderate pace.

Annual average inflation fell to 3.2% in June (May: 3.4%).

Lastly, consumer prices increased 0.37% from the previous month in June, accelerating from May’s 0.09% increase. June’s figure was the sharpest increase in prices since June 2022.

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