Panama: Consumer prices flatten in annual terms in May
Consumer prices rose 0.1% month-on-month in May, down from the 0.3% increase logged in April. According to the National Comptroller’s Office (Contraloría General de la República), higher transport prices—and fuel prices particularly—drove the monthly increase. In addition, price increases were registered for alcohol and tobacco; food and beverages; and hotels and restaurants.
In annual terms, consumer prices were flat in May, up from April’s 0.1% decline. Annual average inflation, meanwhile, ticked down from 0.5% in April to 0.4% in May.