Inflation Ecuador 2004
Average inflation: 2.8%
Current Inflation
Inflation is normal at 2.8%, around the ECB target.
Peak and Trough
The highest inflation was in March at 4.0%. The lowest inflation was in September at 1.6%.
- Highest month
- March: 4.0%
- Lowest month
- September: 1.6%
- Difference
- 2.4 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 29.0% lower than the 5-year average of 31.8%. This approaches the lowest level since records began (2.8% in 2004).
- 5-year average
- 31.8%
- 10-year average
- 32.5%
- All-time high (2000)
- 95.5%
- All-time low (2004)
- 2.8%
Trend
Inflation shows a downward trend. Compared to 2003, inflation has fallen by +5.2 percentage point.
- Change vs. previous year
- -5.2 percentage points
- Largest monthly swing
- January: -6.2 percentage points
ECB Target
Inflation is 0.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 3.9% | -6.2 |
| February | 3.8% | -6.0 |
| March | 4.0% | -5.2 |
| April | 3.7% | -4.9 |
| May | 3.0% | -5.3 |
| June | 2.9% | -4.7 |
| July | 2.2% | -5.5 |
| August | 2.2% | -5.1 |
| September | 1.6% | -5.9 |
| October | 1.9% | -5.0 |
| November | 2.0% | -4.5 |
| December | 1.9% | -4.2 |
| Average | 2.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.