Ecuador: Inflation ebbs in March from February
Latest reading: Consumer prices were up 2.3% on a year-on-year basis in March, following a 2.6% increase in the previous month.
Relative to the prior month’s data, price pressures reduced for food and non-alcoholic beverages in March (0.0% on a year-on-year basis vs +1.8% in February). In contrast, there were more notable price pressures for transportation (+0.1% vs -0.5% in February), housing and utilities (+24.9% vs +24.8% in February), restaurants and hotels (+1.3% vs +1.2% in February) and communication (+0.4% vs -0.4% in February).
Finally, consumer prices rose 0.12% in March on a month-on-month basis, following a 0.21% rise in the prior month.