Ecuador inflation rate for 2023 was 2.22%, a 1.25% decline from 2022.
Ecuador inflation rate for 2022 was 3.47%, a 3.33% increase from 2021.
Ecuador inflation rate for 2021 was 0.13%, a 0.47% increase from 2020.
Ecuador inflation rate for 2020 was -0.34%, a 0.6% decline from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
