Inflation Ecuador July 2022

Consumer prices rose 0.16% from the month before July, below the 0.65% increase recorded in June. The July result marked the weakest reading since March. The result was driven by moderation of price pressures for transport and easing of price pressures for clothing and footwear.

Inflation was 3.9% in July, down from 4.2% in June. Average annual inflation rose to 2.5% in July (June: 2.2%).

FocusEconomics speakers see inflation closing 2022 at 3.1%, which is up 0.3 percentage points from last month’s forecasts. For 2023, they forecast year-end inflation at 1.7%.