Panama: Inflation comes in at highest level since October 2014 in May
June 17, 2021
Consumer prices rose 0.21% from the previous month in May, picking up from the 0.12% rise recorded in April. May saw higher prices for food and non-alcoholic beverages, transportation and restaurants and hotels.
Inflation ticked up to 1.9% in May, slightly above April’s 1.7%. May's reading represented the highest inflation rate since October 2014. The annual average variation of consumer prices rose to minus 0.9% in May (April: -1.3%).
Author: Frederico Teixeira de Abreu, Junior Economist