Mountains in Ecuador

Ecuador Inflation

Ecuador Inflation

Inflation in Ecuador

Consumer price inflation in Ecuador averaged 1.6% in the ten years to 2022, below the Latin America regional average of 8.4%. The 2022 average figure was 3.5%. For more inflation information, visit our dedicated page.

Ecuador Inflation Chart

Note: This chart displays Inflation Rate (CPI, annual variation in %) for Ecuador from 2018 to 2014.
Source: Macrobond.

Ecuador Inflation Data

2019 2020 2021 2022 2023
Inflation (CPI, ann. var. %, aop) 0.3 -0.3 0.1 3.5 2.2
Inflation (CPI, ann. var. %, eop) -0.1 -0.9 1.9 3.7 1.3

Inflation drops to lowest level since September 2021 in June

Inflation eased to 1.2% in June from May’s 2.5%. June's reading marked the weakest inflation rate since September 2021. Looking at the details of the release, prices for transportation rose at a faster pace in June, although prices for food and non-alcoholic beverages increased at a much more moderate pace. The trend was unchanged, with annual average inflation coming in at May's 1.9% in June. Lastly, consumer prices fell 0.95% in June over the previous month, a sharper drop than May's 0.12% drop.

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 15 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

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