Preparing ceviche in Ecuador is now more expensive due to inflation

The preparation of a traditional dish like ceviche in Ecuador shows the rise in food prices in Ecuador, which in August 2023 had its highest annual inflation spike in a decade. Some of its ingredients have had a disproportionate increase. The paiteña or red onion increased its price by 64%, between August 2022 and 2023. In fact, it is the food product that has had the highest annual inflation. Another product that had a significant price increase in August 2023, compared to the same month in 2022, was lemon, with an inflation rate of 43%. Products such as cilantro, pepper, mustard and tomato also rose in price by more than 15%. While fish had an annual inflation of 6.45%, according to INEC. Only shrimp dropped in price by 4.3% during the last year. Food rises 8% in one year Although Ecuador has the lowest inflation in Latin America and the Caribbean with 2.56% in August, after Panama, the increase in food prices has been a trend throughout 2023. In fact, with a rise of 8.17%, the ...