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Panama Inflation June 2019

Panama: Consumer prices fall year-on-year in June

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.

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