Panama: Consumer prices continue to fall in June in annual terms
December 4, 2020
Consumer prices rose a seasonally-adjusted 0.52% in June over the previous month, contrasting May's 0.01% fall. June's uptick marked the sharpest increase in prices since March 2015. The increase was largely driven by higher transportation prices.
Consumer prices declined 1.6% year-on-year in June, a less pronounced drop compared to May’s 2.5% decrease. The average change in consumer prices in the 12 months leading up to June was minus 0.8%, below May’s minus 0.7%. Inflation data has recently been published with a significant lag due to Covid-19 complicating the compilation of the index.
Author: Frederico Teixeira de Abreu, Junior Economist