Mountains in Ecuador

Ecuador Inflation September 2023

Ecuador: Inflation slides in September

Inflation came in at 2.2% in September, which was down from August’s 2.6%. Looking at the details of the release, clothing and footwear prices fell at a quicker pace in September compared to the previous month, while price pressures for food and non-alcoholic beverages eased. Moreover, prices for restaurants and hotels grew at a more subdued pace.

Annual average inflation ticked down to 2.8% in September (August: 2.9%).

Finally, consumer prices increased 0.04% in September over the previous month, coming in below the 0.50% increase recorded in August. September’s result marked the softest rise in prices since February.

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