Ecuador: Inflation rises in April
May 8, 2015
In April, consumer prices rose 0.84% over the previous month, which followed the 0.41% increase tallied in March and marked the highest increase since September 2012. The increase in consumer prices mainly resulted from higher prices for food and for non-alcoholic beverages and transportation. The National Statistical Institute also stated that road closures in the spring had delayed the supply of certain products, contributing to the higher level of inflation.
Headline inflation rose from 3.8% in March to 4.3% in April. Conversely, annual average inflation inched up from March’s 3.8% to 3.9% in April.
Author: Robert Hill, Economist