Ecuador: Inflation increases in May
June 8, 2015
In May, consumer prices rose 0.18% over the previous month, which followed the 0.84% increase tallied in April and marked the smallest increase in five months. Higher prices for food and alcoholic beverages were the largest contributor to the result, followed by prices for recreation and culture.
Headline inflation ticked up from 4.3% in April to 4.6% in May. Annual average inflation inched up from April’s 3.9% to 4.0% in May.
Author: Robert Hill, Economist