Inflation Ecuador 2008
Average inflation: 8.4%
Current Inflation
Inflation is very high at 8.4%, far above the ECB target.
Peak and Trough
The highest inflation was in August at 10.0%. The lowest inflation was in January at 4.2%.
- Highest month
- August: 10.0%
- Lowest month
- January: 4.2%
- Difference
- 5.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 16.8%. The lowest price increase was in Energy with an average of 4.5%.
- Highest increase
- Food: 16.8%
- Lowest increase
- Energy: 4.5%
Historical Context
Current inflation is 4.6% higher than the 5-year average of 3.8%.
- 5-year average
- 3.8%
- 10-year average
- 22.7%
- All-time high (2000)
- 95.5%
- All-time low (2005)
- 2.2%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +6.1 percentage point.
- Change vs. previous year
- +6.1 percentage points
- Largest monthly swing
- May: +7.7 percentage points
ECB Target
Inflation is 6.4% 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 €108.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 4.2% | +1.5 |
| February | 5.1% | +3.1 |
| March | 6.6% | +5.1 |
| April | 8.2% | +6.8 |
| May | 9.3% | +7.7 |
| June | 9.7% | +7.5 |
| July | 9.9% | +7.3 |
| August | 10.0% | +7.6 |
| September | 10.0% | +7.4 |
| October | 9.9% | +7.5 |
| November | 9.1% | +6.4 |
| December | 8.8% | +5.5 |
| Average | 8.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.