Panama: Consumer prices fall at a softer rate on an annual basis in August
January 15, 2021
Consumer prices were up 0.02% from the previous month in August, contrasting July's 0.40% decrease. The upturn was driven by rebounding prices for utilities, which outpaced declines in prices for alcohol and tobacco, transportation and hotels and restaurants.
Consumer prices decreased 2.0% year-on-year in August, easing from July’s 2.2% decrease. In addition, the trend pointed down slightly, with the annual average variation of consumer prices coming in at minus 1.1% in August (July: -1.0%).
Author: Frederico Teixeira de Abreu, Junior Economist