Ecuador: Inflation rises in July
Inflation increased to 2.1% in July from June’s 1.7%. Looking at the details of the release, the change in prices for transportation plunged in July. However, prices for food and non-alcoholic beverages increased at a faster pace. Meanwhile, clothing and footwear prices dropped at a more pronounced rate.
The trend pointed down mildly, with annual average inflation coming in at 3.0% in July (June: 3.2%).
Lastly, consumer prices rose 0.54% from the previous month in July, accelerating from the 0.37% increase logged in June. July’s uptick marked the highest reading since June 2022.