The annual inflation rate in Ecuador eased marginally to 4.02 percent in October of 2022 from 4.12 percent in the prior month, largely due to a slowdown in prices of transportation (5.11% vs 6.61% in September). Meanwhile, prices increased faster for food & non-alcoholic beverages (7.37% vs 7.14%); restaurants & hotels (3.41% vs 3.35%) and housing & utilities (2.06% vs 1.94%). On a monthly basis, consumer prices were up by 0.12 percent, slowing from a 0.36% rise in the previous month. source: INEC, Ecuador
Inflation Rate in Ecuador averaged 19.98 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 November of 2022.
Inflation Rate in Ecuador is expected to be 4.17 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.