Panama: Inflation drops to lowest level since March in June
July 15, 2021
Consumer prices increased 0.18% in June over the previous month, following the 0.21% rise seen in May. The slowdown was mainly driven by weaker growth in prices for transportation. In addition, prices for restaurants and hotels slumped. However, prices for food and non-alcoholic beverages gained pace, while those of alcoholic beverages and tobacco rebounded.
Inflation came in at 1.6% in June, down from May’s 1.9%. June's figure represented the weakest inflation rate since March. The annual average variation of consumer prices rose to minus 0.7% in June (May: -0.9%).
Author: Frederico Teixeira de Abreu, Junior Economist