Ecuador: Inflation rises to five-month high in February
March 5, 2015
In February, consumer prices rose 0.61% over the previous month, which followed the 0.59% increase tallied in January. February’s result marked the highest reading in five months. The increase in consumer prices mainly resulted from higher prices for transportation, as well as for housing, water, electricity, gas and other fuels.
Annual headline inflation rose from 3.5% in January to 4.1% in February, which marked the highest rate in five months. Meanwhile, annual average inflation inched up from 3.6% in January to 3.7% in February.