Inflation Ecuador 2022
Average inflation: 3.5%
Current Inflation
Inflation is high at 3.5%, well above the ECB target.
Peak and Trough
The highest inflation was in June at 4.2%. The lowest inflation was in January at 2.6%.
- Highest month
- June: 4.2%
- Lowest month
- January: 2.6%
- Difference
- 1.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 5.3%. The lowest price increase was in Energy with an average of 1.6%.
- Highest increase
- Food: 5.3%
- Lowest increase
- Energy: 1.6%
Historical Context
Current inflation is 2.8% higher than the 5-year average of 0.7%.
- 5-year average
- 0.7%
- 10-year average
- 1.6%
- All-time high (2008)
- 8.4%
- All-time low (2020)
- -0.3%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +3.4 percentage point.
- Change vs. previous year
- +3.4 percentage points
- Largest monthly swing
- June: +4.9 percentage points
ECB Target
Inflation is 1.5% 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 €103.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 2.6% | +3.6 |
| February | 2.7% | +3.5 |
| March | 2.6% | +3.4 |
| April | 2.9% | +4.4 |
| May | 3.4% | +4.5 |
| June | 4.2% | +4.9 |
| July | 3.9% | +3.5 |
| August | 3.8% | +2.9 |
| September | 4.1% | +3.0 |
| October | 4.0% | +2.5 |
| November | 3.6% | +1.8 |
| December | 3.7% | +1.8 |
| Average | 3.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.