Panama: Inflation broadly stable in August
September 12, 2012
In August, consumer prices rose 0.49% over the previous month, which nearly doubled the 0.28% rise recorded in July. According to the National Comptroller's Office (Contraloria General de la Republica), the monthly figure mainly reflected higher prices for transport as well as for food and beverages. As a result of the monthly figure, annual headline inflation inched up from 6.0% in July to 6.1%. Currently, the inflation rate remains well above the country's historically low levels. In the country's dollarized economy, authorities lack the freedom to use monetary policy or exchange rate adjustments to reduce inflation.