Latest reading: Consumer prices rose 2.5% in annual terms in July, following a 2.6% rise in the prior month. Relative...
Inflation in Ecuador
Consumer price inflation in Ecuador averaged 1.5% in the ten years to 2024, in line with the Latin America regional average of 10.8%. The 2024 average figure was 1.5%. For more information on inflation, visit our dedicated page.
Ecuador Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Ecuador from 2014 to 2025.
Source: Macrobond.
Ecuador Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.1 | 3.5 | 2.2 | 1.5 | 0.7 |
| Inflation (CPI, ann. var. %, eop) | 1.9 | 3.7 | 1.3 | 0.5 | 1.9 |
Inflation accelerates in June from May
Latest reading: Consumer prices rose 1.7% in annual terms in June, following a 0.9% increase in the prior month. Relative to the prior month's figures, there were higher price pressures for transportation (+7.8% on a year-on-year basis vs +5.9% in May), housing and utilities (-2.8% vs -7.2% in May) and communication (+0.7% vs +0.6% in May). In contrast, price pressures reduced for food and non-alcoholic beverages in June (-0.2% vs -0.1% in May). Finally, the change in restaurants and hotels prices was the same as in the prior month (+1.2% in June and May). Finally, consumer prices rose 0.79% in June on a month-on-month basis, following a 0.62% fall in the prior month.
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 20 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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Indonesia: Inflation decelerates in July from the prior month Latest reading: Consumer prices rose 2.9% on a year-on-year basis in July, following a 3.3% increase in the prior month... -
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Poland: Inflation accelerates in July from June Latest reading: Consumer prices were up 3.0% on a year-on-year basis in July, following a 2.5% increase in the prior...