Latest reading: Harmonized inflation came in at 3.0% in May, down from April’s 3.6%. May’s figure represented the weakest inflation...
Inflation in Ecuador
In the year 2024, the inflation in Ecuador was 1.55%, compared to 3.59% in 2014 and 2.22% in 2023. It averaged 1.52% over the last decade. For more inflation information, 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 hits highest level since December 2024 in May
Latest reading: Consumer prices rebounded 0.5% in May, after contracting 0.7% year-on-year in April. May's result was the highest inflation rate since December 2024. Looking at the details of the release, prices for food and non-alcoholic beverages rebounded. Moreover, housing and utilities costs rose for the first time in five months, as electricity prices kept rising after subsidies—introduced in December during widespread outages—expired in April. In contrast, prices for transportation plunged in May. The trend pointed down slightly, with annual average inflation coming in at 0.8% in May (April: 1.0%). Lastly, consumer prices rose 1.03% in May over the previous month, accelerating from April's 0.27% increase. May's figure was the highest reading since April 2024.
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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Netherlands: Harmonized inflation falls in May Latest reading: Harmonized inflation came in at 2.9% in May, which was down from April’s 4.1%. May’s reading represented the... -
Estonia: Harmonized inflation rises in May Latest reading: Harmonized inflation increased to 4.6% in May, following April’s 4.4%. The reading was driven by stronger price pressures... -
Austria: Harmonized inflation falls to lowest level since December 2024 in May Latest reading: Harmonized inflation came in at 3.0% in May, down from April’s 3.3%. May’s reading represented the lowest inflation... -
Belgium: Harmonized inflation eases in May Latest reading: Harmonized inflation dropped to 2.8% in May, from April’s 3.1%. May’s figure marked the lowest inflation rate since... -
Latvia: Harmonized inflation decreases in May Latest reading: Harmonized inflation edged down to 3.7% in May, from April’s 4.0%, largely due to the sharpest fall in... -
South Africa: Inflation remains unchanged, below target as expected in May Latest reading: Inflation was stable at April’s 2.8% in May, in line with market expectations. Inflation thus remained below the...