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Panama Inflation August 2023

Panama: Inflation comes in at highest level since January in August

Inflation rose to 2.2% in August, following July’s 0.6%. August’s result was the highest inflation rate since January. Looking at the details of the release, housing and energy prices rose at a quicker pace in August compared to the previous month, while price pressures for clothing and footwear softened.

Annual average inflation remained at July’s 1.4% in August.

Finally, consumer prices increased 0.23% over the previous month in August, contrasting the 0.03% fall logged in July. August’s figure was the highest reading since January.

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