Ecuador: Inflation returns in July
Consumer prices rose 0.53% over the previous month in July, contrasting June’s 0.18% slide and marking the highest print in over a year. July’s upturn was largely driven by rising prices for food and non-alcoholic beverages. Moreover, prices for transport increased at a quicker pace over the prior month.
Consumer prices rose 0.5% in annual terms in July, above June’s 0.7% drop and logging the highest inflation rate since May 2020. As a result, the annual variation in consumer prices improved, coming in at minus 0.9%, following June’s minus 1.0%.