Panama: Consumer prices drop at a softer pace on an annual basis in January
March 15, 2021
Consumer prices rose 0.31% in January over the previous month, matching December's reading. January's figure marked the joint-sharpest increase in prices since June 2020. The print saw prices for tobacco and alcoholic beverages grow at a fast pace, while clothing and footwear and hotels and restaurants prices remained stable. Contrastingly, prices for communication and education fell.
Consumer prices declined 1.4% in January, following December’s 1.6% decrease. The annual average variation of consumer prices ticked down to minus 1.7% in January (December: -1.6%).
Author: Frederico Teixeira de Abreu, Junior Economist