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.