Panama: Decrease in consumer prices continues to ease on an annual basis in September
February 2, 2021
Consumer prices were up 0.06% from the previous month in September, up from August's 0.02% increase. The upturn was driven by rebounding transportation prices. In addition, health prices picked up, while prices for restaurants and hotels stagnated, after falling in the previous month.
Consumer prices decreased 1.9% year-on-year in September, upfrom August’s 2.0% decrease. In addition, the trend pointed down slightly, with the annual average variation of consumer prices coming in at minus 1.2% in September (August: -1.1%).
Author: Frederico Teixeira de Abreu, Junior Economist