Ecuador: Inflation rises to over one-year high in April
Inflation rose to 2.7% in April from March’s 1.7%. April’s figure represented the highest inflation rate since March 2023. The pick-up was broad-based, with greater price pressures recorded for transportation, food and non-alcoholic beverages, and clothing and footwear.
The trend pointed up slightly, with annual average inflation coming in at 1.9% in April (March: 1.8%).
Lastly, consumer prices increased 1.27% in April over the previous month, picking up from March’s 0.29% rise. April’s uptick marked the highest reading since April 2008.