Inflation Ecuador 2003
Average inflation: 8.0%
Current Inflation
Inflation is very high at 8.0%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 10.1%. The lowest inflation was in December at 6.1%.
- Highest month
- January: 10.1%
- Lowest month
- December: 6.1%
- Difference
- 4.0 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 33.7% lower than the 5-year average of 41.7%. This approaches the lowest level since records began (8.0% in 2003).
- 5-year average
- 41.7%
- 10-year average
- 35%
- All-time high (2000)
- 95.5%
- All-time low (2003)
- 8%
Trend
Inflation shows a downward trend. Compared to 2002, inflation has fallen by +4.5 percentage point.
- Change vs. previous year
- -4.5 percentage points
- Largest monthly swing
- January: -6.4 percentage points
ECB Target
Inflation is 6.0% 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 €108.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 10.1% | -6.4 |
| February | 9.8% | -4.6 |
| March | 9.2% | -4.0 |
| April | 8.6% | -4.4 |
| May | 8.3% | -5.1 |
| June | 7.6% | -5.6 |
| July | 7.7% | -5.2 |
| August | 7.3% | -5.6 |
| September | 7.5% | -3.8 |
| October | 6.9% | -3.8 |
| November | 6.5% | -3.2 |
| December | 6.1% | -3.3 |
| Average | 8.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.