The annual inflation rate in Ecuador was at 3.86 percent in July of 2022, decelerating from a seven-year high of 4.23 percent in the prior month. Prices slowed down mostly for food & non-alcoholic beverages (6.18 percent vs 7.27 percent in June); transportation (8.22 percent vs 8.89 percent); furnishings & household equipment (6.24 percent vs 6.68 percent). Conversely, costs rose faster for restaurants & hotels (3.14 percent vs 2.70 percent) and housing & utilities (1.82 percent vs 1.67 percent). On a monthly basis, consumer prices increased by 0.16 percent, following a 0.65 percent rise in the previous month. source: INEC, Ecuador
Inflation Rate in Ecuador averaged 20.06 percent from 1970 until 2022, reaching an all time high of 107.87 percent in September of 2000 and a record low of -2.67 percent in April of 1970. This page provides the latest reported value for - Ecuador Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ecuador Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Inflation Rate in Ecuador is expected to be 4.03 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Inflation Rate is projected to trend around 3.00 percent in 2023, according to our econometric models.