Increase in Food Prices Pushes Inflation Rate in Ecuador

QUITO, ECUADOR - JUNE 08: A person transports sugar in the Mayorita market south of Quito, the annual price inflation of May 2022, compared to May 2021, reached 3.38%; for reference, in May 2021 it was -1.13%. on June 7, 2022 in Quito, Ecuador. (Photo by Franklin Jacome/Agencia Press South/Getty Images)

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QUITO, ECUADOR - JUNE 08: A person transports sugar in the Mayorita market south of Quito, the annual price inflation of May 2022, compared to May 2021, reached 3.38%; for reference, in May 2021 it was -1.13%. on June 7, 2022 in Quito, Ecuador. (Photo by Franklin Jacome/Agencia Press South/Getty Images)