Latest reading: Consumer prices increased 2.9% on a year-on-year basis in August, following a 3.1% increase in the prior month....
Inflation in Ecuador
Consumer price inflation in Ecuador averaged 1.5% in the ten years to 2024, in line with the Latin America regional average of 10.8%. The 2024 average figure was 1.5%. For more information on inflation, visit our dedicated page.
Ecuador Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Ecuador from 2024 to 2014.
Source: Macrobond.
Ecuador Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | -0.3 | 0.1 | 3.5 | 2.2 | 1.5 |
| Inflation (CPI, ann. var. %, eop) | -0.9 | 1.9 | 3.7 | 1.3 | 0.5 |
Inflation rises in August
Latest reading: Inflation edged up to 0.8% in August, following July’s 0.7%. Looking at the details of the release, food prices grew at a steeper pace, and transportation costs declined at a milder rate. In contrast, housing and utilities costs dropped at a softer pace. The trend was unchanged, with annual average inflation coming in at July's 0.7% in August. Lastly, consumer prices rose 0.31% in August over the previous month, accelerating from July's 0.17% rise.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Ecuadorian inflation projections for the next ten years from a panel of 16 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Ecuadorian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Ecuadorian inflation projections.
Want to get access to the full dataset of Ecuadorian inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Israel: Inflation decelerates in August from the prior month -
Canada: Inflation picks up in August from the prior month Latest reading: Consumer prices were up 1.9% on a year-on-year basis in August, following a 1.7% increase in the prior... -
India: Inflation rises for first time in 10 months in August Latest reading: After declining for nine months, inflation rose to 2.1% in August from July’s over eight-year low of 1.6%.... -
United States: Inflation comes in at highest level since January in August Latest reading: Inflation inched up to 2.9% in August, following July’s 2.7%. August’s reading represented the highest inflation rate since... -
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Belarus: Inflation drops to lowest level since May in August Latest reading: Inflation edged down to 7.2% in August, which followed July’s 7.4%. August’s figure represented the weakest inflation rate...