Mountains in Ecuador

Ecuador Inflation March 2024

Ecuador: Inflation increases in March

Inflation came in at 1.7% in March, up from February’s 1.4%. March’s figure marked the highest inflation rate since October 2023. The pick-up was primarily due to rising price pressures for transportation.

The trend pointed down slightly, with annual average inflation coming in at 1.8% in March (February: 1.9%).

Lastly, consumer prices rose 0.29% in March over the previous month, accelerating from the 0.09% increase logged in February. March’s result was the highest reading since August 2023.

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