Inflation Rate in Ecuador
Inflation falls to over one-year low in April
Inflation came in at 2.4% in April, down from March’s 2.8%. April’s result represented the lowest inflation rate since December 2021. Looking at the details of the release, prices for transportation declined in April. In addition, inflation for food and non-alcoholic beverages slowed. Meanwhile, clothing and footwear prices fell at a faster rate.
Annual average inflation was unchanged at March’s 3.5% in April.
Finally, consumer prices increased 0.20% over the previous month in April, picking up from March’s 0.06% increase. April’s uptick was the highest reading since September 2022.
Commenting on the outlook, analysts at the EIU said:
“Twelve-month consumer price inflation will slow from an estimated 3.7% in December 2022 to 1.1% at end-2023. Supply-side pressures that built up during 2022 are easing as global demand cools and supply chains are repaired. However, global commodity markets will remain especially sensitive to one-off shocks in major producers, such as drought, flooding and natural disasters, the effects of which could pass through to the domestic economy quickly.”
Ecuador Inflation Rate Chart
This chart displays Inflation Rate (CPI, annual variation in %) for Ecuador from 2013 to 2022.
Ecuador Inflation Rate Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Inflation (CPI, ann. var. %, aop) | 0.4 | -0.2 | 0.3 | -0.3 | 0.1 |