Ecuador: Inflation plunges to four-month low in June
Consumer prices fell 0.62% in June over the last month, which was below the 0.26% fall recorded in May. June’s result marked the sharpest fall in prices since November 2019 and largely reflected declining prices for restaurants and hotels, as well as for food and non-alcoholic beverages.
Inflation came in at 0.2% in June, below May’s 0.8%. June’s reading marked the lowest inflation rate since February. Meanwhile, annual average inflation remained at May’s 0.3% in June.