Ecuador: Inflation rises in May
June 6, 2019
Consumer prices came in flat in May after rising 0.17% month-on-month in April. Prices for food and non-alcoholic beverages led the downturn, followed by healthcare. These offset higher prices for transport, which rose the most, followed by recreation and culture, and housing, water, electricity, and gas.
Meanwhile, inflation climbed to 0.4% in May from 0.2% in April. Lastly, the annual average variation in consumer prices rose to 0.1% in May from minus 0.1% in April.
Author: Nihad Ahmed, Economist