Ecuador Inflation June 2022

Ecuador

Ecuador: Inflation rises in June to highest since 2015

July 6, 2022

Consumer prices rose 0.65% in June over the previous month, accelerating from May's 0.56% increase. June's uptick marked the highest reading since January. The figure was primarily driven by price pressures for food and non-alcoholic beverages growing at a quicker pace.

Inflation increased to 4.2% in June from May’s 3.4%. June's reading marked the highest inflation rate since July 2015. Annual average inflation rose to 2.2% in June (May: 1.8%).

Our panel sees inflation ending 2022 at 8.3%, which is up 0.6 percentage points from last month’s forecast, and 2023 at 4.5%.


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Ecuador Inflation June 2022

Note: Annual and monthly variation of consumer price index in %.
Source: National Statistical Institute.


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