The annual inflation rate in Ecuador rose to 3.38 percent in May of 2022, the highest since December of 2015 and picking up from 2.89 percent in the prior month. Prices accelerated for food and non-alcoholic beverages (3.97 percent vs 2.51 percent), while remaining high for transportation (8.85 percent vs 9.63 percent in April), as costs continued to surge for gasoline and lubricants (34.16 percent vs 34.87 percent). Inflation also rose for housing and utilities (1.51 percent vs 1.22 percent), furnishings and household maintenance (6.01 percent vs 4.99 percent), and restaurant and hotels (2.29 percent vs 2.01 percent). On a monthly basis, consumer prices were up 0.56 percent, relatively consistent with the 0.59 percent rise in April. source: INEC, Ecuador

Inflation Rate in Ecuador averaged 20.11 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 June of 2022.

Inflation Rate in Ecuador is expected to be 3.90 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.

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Ecuador Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-06 02:00 PM Apr 2.89% 2.64% 2.52%
2022-06-06 02:00 PM May 3.38% 2.89% 2.60%
2022-07-06 02:00 PM Jun 3.38% 3.90%


Related Last Previous Unit Reference
Inflation Rate 3.38 2.89 percent May 2022
Consumer Price Index CPI 108.63 108.03 points May 2022
Producer Prices 109.12 108.85 points May 2022
Food Inflation 3.97 2.51 percent May 2022
CPI Transportation 119.60 119.11 points May 2022
CPI Housing Utilities 118.02 117.71 points May 2022
Inflation Rate Mom 0.56 0.59 percent May 2022
Producer Prices Change 7.05 4.81 percent Apr 2022

Ecuador Inflation Rate
In Ecuador, the main components of the consumer price index are: Food and Non-Alcoholic Beverages (25.1 percent of the total weight); Transport (13.6 percent); Housing, Water, Electricity, Gas and Other Fuels (10.2 percent) and Clothing and Footwear (9 percent). Restaurants and Hotels account for 6.8 percent; Education for 6.78 percent; Furniture and Household Equipment for 6.1 percent and Health Care for 6 percent. Others include: Leisure and Culture (5.9 percent); Other Goods and Services (5.2 percent); Communications (4.4 percent) and Alcoholic Beverages, Tobacco and Narcotics (0.9 percent). The national index has a base of 100 as of 2004. The CPI reflects the prices and spending patterns registered in eight representative cities: Quito, Guayaquil, Cuenca, Machala, Esmeraldas, Manta, Ambato and Loja, which account for 67.44 percent of the urban population of the country.
Actual Previous Highest Lowest Dates Unit Frequency
3.38 2.89 107.87 -2.67 1970 - 2022 percent Monthly
2014=100

News Stream
Ecuador Inflation Rate at 7-Year High
The annual inflation rate in Ecuador rose to 3.38 percent in May of 2022, the highest since December of 2015 and picking up from 2.89 percent in the prior month. Prices accelerated for food and non-alcoholic beverages (3.97 percent vs 2.51 percent), while remaining high for transportation (8.85 percent vs 9.63 percent in April), as costs continued to surge for gasoline and lubricants (34.16 percent vs 34.87 percent). Inflation also rose for housing and utilities (1.51 percent vs 1.22 percent), furnishings and household maintenance (6.01 percent vs 4.99 percent), and restaurant and hotels (2.29 percent vs 2.01 percent). On a monthly basis, consumer prices were up 0.56 percent, relatively consistent with the 0.59 percent rise in April.
2022-06-06
Ecuador Inflation Rate Slows to 2.64% in March
The annual inflation rate in Ecuador eased slightly to 2.64% in March of 2022, from an over six-year high of 2.71% in the previous month. Prices slowed mostly for transport (9.45% vs 9.88% in February); food & non-alcoholic beverages (2.16% vs 2.66%) and health (1.55% vs 1.97%). Additionally, costs fell for clothing & footwear (-2.68% vs -2.73%); communications (-2.53% vs -2.71%) and recreation & culture (-1.90% vs -1.75%). On a monthly basis, consumer prices were up 0.11%, following a 0.22% increase in the previous month.
2022-04-07
Ecuador Inflation Rate Rises for 8th Month
The annual inflation rate accelerated for the 8th straight month to 2.71% in February of 2022, from 2.56% in the previous month. It was the highest inflation rate since January of 2016, mainly pushed up by prices of transportation (9.88% vs 9.53% in January) and alcoholic beverages & tobacco (5.88% vs 5%) and education (3.36% vs 2.91%). On a monthly basis, consumer prices were up 0.23%, slowing from a 0.72% increase in the previous month.
2022-03-09