Latest reading: Consumer prices increased 10.9% in annual terms in May, following a 10.7% increase in the prior month. May’s...
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 2014 to 2025.
Source: Macrobond.
Ecuador Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.1 | 3.5 | 2.2 | 1.5 | 0.7 |
| Inflation (CPI, ann. var. %, eop) | 1.9 | 3.7 | 1.3 | 0.5 | 1.9 |
Inflation hits joint-two-year high in April
Latest reading: Consumer prices rose 2.6% on a year-on-year basis in April, following a 2.3% rise in the previous month. April's reading was the joint-strongest in two years. Relative to the previous month's data, there were higher price pressures for transportation (+3.2% on a year-on-year basis vs +0.1% in March), food and non-alcoholic beverages (+0.3% vs 0.0% in March), restaurants and hotels (+1.4% vs +1.3% in March) and communication (+0.7% vs +0.4% in March). In contrast, price pressures reduced for housing and utilities in April (+17.3% vs +24.9% in March). Lastly, consumer prices were up 0.53% in April in month-on-month terms, following a 0.12% increase in the previous month.
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 20 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.
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