Monday June 19 2017
Ecuador Inflation Rate at 1.10 percent
Consumer prices in Ecuador rose 1.10 percent year-on-year in May of 2017, slightly higher than a 1.09 percent increase in the preceding month. It is the highest inflation rate since December last year, as cost accelerated for: transport (0.79 percent vs 0.57 percent), housing and utilities (2.16 percent vs 2.05 percent), education (5.08 percent vs 3.79 percent) and recreation and culture (4.88 percent vs 1.75 percent). In addition, prices recovered for restaurants and hotels (0.01 percent vs -0.11 percent) and decreased less for clothing and footwear (-3.15 percent vs -3.75 percent). In contrast, cost slowed for food and non-alcoholic beverages (0.95 percent vs 1.84 percent) and health (2.34 percent vs 2.58 percent) while dropped for furniture and household equipment (-0.42 percent vs 0.05 percent). On a monthly basis, consumer prices went up 0.05 percent compared to a 0.43 percent increase in April.