Inflation Ecuador 2024
Average inflation: 1.5%
Current Inflation
Inflation is low at 1.5%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in April at 2.7%. The lowest inflation was in December at 0.5%.
- Highest month
- April: 2.7%
- Lowest month
- December: 0.5%
- Difference
- 2.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 2.2%. The lowest price increase was in Energy with an average of -0.8%.
- Highest increase
- Food: 2.2%
- Lowest increase
- Energy: -0.8%
Historical Context
Current inflation is around the 5-year average of 1.4%.
- 5-year average
- 1.4%
- 10-year average
- 1.3%
- All-time high (2008)
- 8.4%
- All-time low (2020)
- -0.3%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.7 percentage point.
- Change vs. previous year
- -0.7 percentage points
- Largest monthly swing
- January: -1.7 percentage points
ECB Target
Inflation is 0.5% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 1.4% | -1.7 |
| February | 1.4% | -1.5 |
| March | 1.7% | -1.1 |
| April | 2.7% | +0.3 |
| May | 2.5% | +0.5 |
| June | 1.2% | -0.5 |
| July | 1.6% | -0.5 |
| August | 1.3% | -1.3 |
| September | 1.4% | -0.8 |
| October | 1.4% | -0.5 |
| November | 1.5% | 0.0 |
| December | 0.5% | -0.9 |
| Average | 1.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.