Ecuador: Inflation falls to over one-year low in June
Inflation came in at 1.7% in June, down from May’s 2.0%. June’s result represented the weakest inflation rate since October 2021. Looking at the details of the release, prices for transportation fell in June. Moreover, prices for food and non-alcoholic beverages increased at a more moderate pace.
Annual average inflation fell to 3.2% in June (May: 3.4%).
Lastly, consumer prices increased 0.37% from the previous month in June, accelerating from May’s 0.09% increase. June’s figure was the sharpest increase in prices since June 2022.