Panama: Consumer prices fall in annual terms for second month running in February
March 15, 2019
Consumer prices rose 0.1% month-on-month in February, contrasting the 0.3% fall in January. According to the National Comptroller’s Office (Contraloría General de la República), more expensive transport pulled prices up in February, while cheaper food and non-alcoholic beverages weighed on the overall increase.
In year-on-year terms, consumer prices fell 0.5% in February, which represents the second consecutive decrease after January’s 0.3% fall. Annual average inflation, meanwhile, ticked down to 0.6% in February from 0.7% in January.
Author: Edward Gardner, Economist