Inflation in Ecuador
Ecuador - Inflation
Inflation moderates in July
Consumer prices rose 0.16% over the previous month in July, which was below the 0.65% increase recorded in June. July's result marked the weakest reading since March. The result was driven by moderating price pressures for transportation and easing price pressures for clothing and footwear.
Inflation came in at 3.9% in July, down from June’s 4.2%. Annual average inflation rose to 2.5% in July (June: 2.2%).
FocusEconomics panelists see inflation ending 2022 at 3.1%, which is up 0.3 percentage points from last month’s forecast. For 2023, they project year-end inflation at 1.7%.
Ecuador - Inflation Data
|Inflation Rate (CPI, annual variation in %)||4.0||1.7||0.4||-0.2||0.3|
5 years of economic forecasts for more than 30 economic indicators.
Ecuador Inflation Chart
Source: Central Bank of Ecuador and FocusEconomics calculations.
|Exchange Rate||25,000||0.0 %||Dec 31|
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August 18, 2022
Economic activity rose 4.3% year on year in June, which was a deterioration from May's 12.4% increase.
August 5, 2022
Consumer prices rose 0.16% over the previous month in July, which was below the 0.65% increase recorded in June.
July 18, 2022
Economic activity grew 12.1% year on year in May (April: +10.0% yoy).
July 6, 2022
Consumer prices rose 0.65% in June over the previous month, accelerating from May's 0.56% increase.
June 30, 2022
GDP eased to 3.8% in annual terms in Q1 2022, below Q4 2021’s 4.9% expansion. The slower growth in Q1 was due to weaker private consumption growth, which softened to 6.7% in Q1 2022 (Q4 2021: +9.6%).