Ecuador: Inflation jumps in October
Consumer prices increased 0.21% over the previous month in October, accelerating from September’s 0.02% rise. The increase was chiefly driven by higher price pressures for food and non-alcoholic beverages as well as for transportation.
Inflation accelerated to 1.5% in October from 1.1% in September, logging the highest inflation rate since August 2016. Accordingly, the annual variation in consumer prices improved, coming in at minus 0.3%, following September’s minus 0.6%.