Panama: Consumer prices fall at weaker pace in annual terms in July
August 14, 2019
Consumer prices rose 0.2% over the previous month in July, contrasting the 0.3% decline registered in June. The uptick was due to higher prices for housing, water, electricity and gas; a rebound in transport prices—particularly in gasoline prices; and higher food and non-alcoholic beverages costs.
Meanwhile, consumer prices fell 0.3% year-on-year in July, following the 0.5% decrease logged in June. Annual average inflation, meanwhile, ticked down 0.3% in June to 0.2% in July.
Author: Lindsey Ice, Economist