Ecuador: Inflation rises to 15-month high
June 7, 2011
In May, consumer prices rose 0.35% over the previous month, which followed the 0.82% rise observed in April. The lower monthly reading reflected increasing food and beverage prices, which were partially offset by lower prices for communications, as well as for recreation and culture. Despite the subdued reading, annual headline inflation increased from 3.9% in April to 4.2% in May, which represented the highest level since February 2010. The Central Bank expects inflation to end the year at 3.7%.
Author: Ricardo Aceves, Senior Economist