However, unlike other Latin American countries, the country's CPI remained at relatively low levels, reaching its peak in June 2022, when it climbed to 4.2% year-on-year.

The Consumer Price Index (CPI) of Ecuador has risen by 1.09 percentage points in April compared to May, and has reached the highest figure of the last year, reaching 2.75% year-on-year, as disclosed by the Institute National Statistics and Census Office (INEC) of Ecuador.

Specifically, we must go back to March 2023 to find a higher figure, 2.85% year-on-year. In addition, the April data known this Tuesday is the highest in 2024, since inflation has remained below 2% in the previous three months.

However, unlike other Latin American countries, Ecuador's CPI has remained at relatively low levels, reaching its peak in June 2022, when it rose to 4.2% year-on-year.

Regarding monthly inflation, it has been 1.27%, almost one point higher than that registered in March, when it was 0.29%. This is again the highest figure in recent months, since very low percentages have been occurring since the beginning of the year and in 2023.

By consumption divisions, unlike the previous months of 2024, there have been increases in all groups. The largest increase has been in transportation, 0.25%. This is followed by food and non-alcoholic beverages (0.25%), and various goods and services (0.15%).

Among the groups that have experienced the smallest increases are alcoholic beverages and tobacco (0.01%) and recreation and culture (0.02%).