The Consumer Price Index gauges the price changes in a basket of goods and services in a defined time period. In Ecuador, the CPI compared to the same month of the previous year has been experiencing a steep upward trend since April 2021. June 2022 registered the largest monthly inflation rate since, at least, the beginning of 2019. That month, the CPI stood 4.23 percentage points higher than in May 2021. By contrast, prices registered a negative growth rate during the second half of 2020 and the first half of 2021.
Monthly inflation rate in Ecuador from January 2019 to September 2022 (CPI compared to the same month of the previous year)
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INEC (Ecuador). (October 15, 2022). Monthly inflation rate in Ecuador from January 2019 to September 2022 (CPI compared to the same month of the previous year) [Graph]. In Statista. Retrieved April 27, 2024, from https://www.statista.com/statistics/1317142/monthly-inflation-rate-ecuador/
INEC (Ecuador). "Monthly inflation rate in Ecuador from January 2019 to September 2022 (CPI compared to the same month of the previous year)." Chart. October 15, 2022. Statista. Accessed April 27, 2024. https://www.statista.com/statistics/1317142/monthly-inflation-rate-ecuador/
INEC (Ecuador). (2022). Monthly inflation rate in Ecuador from January 2019 to September 2022 (CPI compared to the same month of the previous year). Statista. Statista Inc.. Accessed: April 27, 2024. https://www.statista.com/statistics/1317142/monthly-inflation-rate-ecuador/
INEC (Ecuador). "Monthly Inflation Rate in Ecuador from January 2019 to September 2022 (Cpi Compared to The Same Month of The Previous Year)." Statista, Statista Inc., 15 Oct 2022, https://www.statista.com/statistics/1317142/monthly-inflation-rate-ecuador/
INEC (Ecuador), Monthly inflation rate in Ecuador from January 2019 to September 2022 (CPI compared to the same month of the previous year) Statista, https://www.statista.com/statistics/1317142/monthly-inflation-rate-ecuador/ (last visited April 27, 2024)
Monthly inflation rate in Ecuador from January 2019 to September 2022 (CPI compared to the same month of the previous year) [Graph], INEC (Ecuador), October 15, 2022. [Online]. Available: https://www.statista.com/statistics/1317142/monthly-inflation-rate-ecuador/