Inflation Ecuador 1998
Average inflation: 35.8%
Current Inflation
Inflation is very high at 35.8%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 45.0%. The lowest inflation was in January at 27.7%.
- Highest month
- November: 45.0%
- Lowest month
- January: 27.7%
- Difference
- 17.3 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 7.5% higher than the 5-year average of 28.3%.
- 5-year average
- 28.3%
- 10-year average
- 41.7%
- All-time high (1989)
- 78.1%
- All-time low (1979)
- 10.1%
Trend
Inflation shows an upward trend. Compared to 1997, inflation has risen by +5.1 percentage point.
- Change vs. previous year
- +5.1 percentage points
- Largest monthly swing
- November: +15.1 percentage points
ECB Target
Inflation is 33.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €135.80 next year at this inflation rate.
Multi-year trend
Monthly figures 1998
Month overview
| Month | Inflation | Difference vs. 1997 |
|---|---|---|
| January | 27.7% | -2.9 |
| February | 29.0% | -2.8 |
| March | 30.6% | +0.7 |
| April | 33.6% | +4.7 |
| May | 33.9% | +2.7 |
| June | 35.9% | +4.8 |
| July | 34.2% | +2.7 |
| August | 34.2% | +3.5 |
| September | 37.8% | +7.2 |
| October | 44.0% | +13.0 |
| November | 45.0% | +15.1 |
| December | 43.4% | +12.7 |
| Average | 35.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.