Ecuador’s annual inflation rate fell to 1.12% in August 2026 from 1.39% in July, as goods inflation slowed sharply while services inflation accelerated. Food prices remained in deflation, deepening to 1.32%. Fuel prices surged 24.64% amid international crude oil supply disruptions related to the US-Iran war, though the increase was below July’s 31.09% rise. The consumer price index (CPI), a measure of average consumer prices, edged up 0.04% month on month after declining 0.1% in July. Year-to-date inflation reached 1.34%.