Ecuador: Consumer prices drop at a sharper rate in annual terms in April
Consumer prices rose 0.35% over the previous month in April, following the 0.18% increase in March, logging the highest reading in a year. April’s upturn was largely owing to higher prices for transportation.
Meanwhile, consumer prices fell 1.5% in annual terms in April, bellow March’s 0.8% decline, marking the lowest result in six months. Similarly, the annual average variation in consumer prices deteriorated, coming at minus 0.7% in April, following February’s minus 0.5%.