Panama: Consumer prices fall year-on-year in June
July 15, 2019
Consumer prices fell 0.3% over the prior month in June, contrasting the 0.1% increase recorded in May. The decline was largely driven by a sharp drop in transport prices—particularly fuel prices—as well as lower prices for communications; clothing and footwear; housing, water, electricity and gas; and recreation and culture.
In annual terms, consumer prices fell 0.5% in June, following May’s flat print and marking the lowest reading in over a decade. Annual average inflation, meanwhile, ticked down from 0.4% in May to 0.3% in June.
Author: Lindsey Ice, Economist