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.

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Ecuador Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-06 02:30 PM Sep 4.12% 3.77% 4.03%
2022-11-09 03:30 PM Oct 4.02% 4.12% 4.21%
2022-12-07 02:00 PM Nov 4.02% 4.10%


Related Last Previous Unit Reference
Inflation Rate 4.02 4.12 percent Oct 2022
Consumer Price Index CPI 110.06 109.93 points Oct 2022
Producer Prices 112.34 111.96 points Oct 2022
Food Inflation 7.37 7.14 percent Oct 2022
CPI Transportation 119.51 120.18 points Oct 2022
CPI Housing Utilities 118.73 118.64 points Oct 2022
Inflation Rate MoM 0.12 0.36 percent Oct 2022
Producer Prices Change 7.45 7.89 percent Sep 2022

Ecuador Inflation Rate
In Ecuador, the main components of the consumer price index are: Food and Non-Alcoholic Beverages (25 percent of the total weight); Transport (14 percent); Housing, Water, Electricity, Gas and Other Fuels (10 percent) and Clothing and Footwear (9 percent). Restaurants and Hotels account for 7 percent; Education for 7 percent; Furniture and Household Equipment for 6 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 (1 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
4.02 4.12 107.87 -2.67 1970 - 2022 percent Monthly
2014=100

News Stream
Ecuador Inflation Rate Slows to 4% in October
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.
2022-11-09
Ecuador Inflation Rises in September
The annual inflation rate in Ecuador rose to 4.12 percent in September of 2022 from 3.77 percent in the prior month, halting two consecutive periods of slowed price growth and marking the second highest reading since 2015. Prices rose at a faster pace for food and non-alcoholic beverages (7.14 percent vs 3.77 percent in August), housing and utilities (1.94 percent vs 1.77 percent), and restaurants and hotels (3.35 percent vs 3.21 percent). In the meantime, inflation slowed for transportation (6.61 percent 7.4 percent) amid a significant decrease in fuels and lubricants (19.64 percent vs 25.3 percent). On a monthly basis, consumer prices were 0.36 percent higher, the sharpest increase since June and picking up from the near stall seen in August.
2022-10-06
Ecuador Inflation Rate Softens for 2nd Month
The annual inflation rate in Ecuador eased for the second month to 3.77% in August of 2022, from 3.86% in July. Prices slowed mostly for transport (7.40% vs 8.22% in July); food & non-alcoholic beverages (5.93% vs 6.18%) and furnishings & household equipment (5.89% vs 6.24%).. At the same time, costs continued to decrease for clothing & footwear (-1.53% vs -1.32%); communications (-1.50% vs -1.80%) and recreation & culture (-1.04% vs -1.29%). On a monthly basis, consumer prices were barely unchanged, after increasing by 0.16 percent in the previous month.
2022-09-07