Panama: Inflation drops in August
September 15, 2021
Consumer prices rose 0.04% from the previous month in August, below July's 0.37% rise. August's result marked the weakest increase since November 2020. The downtick was mainly due to a fall of prices for alcohol and tobacco, as well as transportation. In addition, prices for utilities, and food and non-alcoholic beverages lost steam.
Inflation came in at 2.3% in August, which was down from July’s 2.4%. The annual average variation of consumer prices rose to 0.1% in August (July: -0.3%).
Author: Frederico Teixeira de Abreu, Junior Economist