Ecuador: Inflation soars to over five-year high in April
Consumer prices increased 0.59% over the previous month in April, picking up from the 0.11% increase recorded in March. The reading was largely driven by increasing prices for transportation. In addition, price pressures for food and non-alcoholic beverages rose at a faster pace.
Inflation edged up to 2.9% in April, following March’s 2.6%. April’s reading was the highest inflation rate since January 2016. Meanwhile, the trend pointed up, with annual average inflation coming in at 1.4% in April (March: 1.0%).