Panama: Consumer prices continue to fall in February in annual terms
April 1, 2021
Consumer prices rose 0.60% in February over the previous month, picking up from the 0.31% increase seen in January. February's figure marked the sharpest increase in prices since March 2015. The uptick was mainly led by higher transportation and education prices. However, prices for food and alcoholic beverages decreased from the previous month.
Consumer prices decreased 0.6% in annual terms in February, a less pronounced drop than January’s 1.4% fall. The annual average variation of consumer prices was unchanged at January's minus 1.7% in February.
Author: Frederico Teixeira de Abreu, Junior Economist