Ecuador: Inflation falls at sharpest rate in six months in May
Consumer prices fell 0.26% over the previous month in May, contrasting the 1.00% rise seen in April. May’s result marked the sharpest fall in prices since November 2019 and largely reflected lower prices for food and non-alcoholic beverages.
Inflation came in at 0.8% in May, down from April’s 1.0%. Meanwhile, the trend was unchanged with annual average inflation coming in at April’s 0.3% in May.