Latest reading: Consumer prices increased 6.1% on a year-on-year basis in August, following a 6.2% rise in the previous 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 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 ebbs in July from the prior month
Latest reading: Consumer prices increased 1.4% in annual terms in July, following a 1.7% rise in the previous month. Relative to the prior month's figures, there were stronger downward price pressures for food (-0.7% on a year-on-year basis vs -0.2% in June) and non-food (+2.0% vs +2.2% in June). In contrast, price pressures were higher for services in July (+1.3% vs +0.7% in June). Lastly, consumer prices fell 0.09% in July in month-on-month terms, following a 0.79% increase in the prior 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.
Latest Global Inflation News
-
Philippines: Inflation remains above target in August -
Thailand: Inflation accelerates in August from July Latest reading: Consumer prices increased 2.5% on a year-on-year basis in August, following a 1.9% increase in the previous month.... -
Switzerland: Inflation accelerates in August from July Latest reading: Consumer prices were up 0.8% on a year-on-year basis in August, following a 0.4% rise in the previous... -
Indonesia: Inflation picks up in August from July Latest reading: Consumer prices were up 3.2% on a year-on-year basis in August, following a 2.9% rise in the previous... -
Uruguay: Inflation picks up in August from July Latest reading: Consumer prices rose 4.6% on a year-on-year basis in August, following a 4.3% rise in the prior month.... -
Korea: Inflation rises in August from the prior month Latest reading: Consumer prices were up 3.1% on a year-on-year basis in August, following a 2.8% increase in the previous... -
Euro Area: Inflation picks up in August from July Latest reading: Harmonized consumer prices rose 3.2% in annual terms in August, following a 3.0% rise in the prior month....