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Panama Inflation May 2022

Panama: Inflation comes in at highest level since February 2013 in May

Consumer prices increased 0.76% over the previous month in May, picking up from the 0.58% rise seen in April. The result was largely driven by rising price pressures for food and non-alcoholic beverages as well transport. On the other hand, clothing and footwear saw a small reduction in prices.

Inflation rose to 4.2% in May, following April’s 3.7%. May’s result marked the highest inflation rate since February 2013. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 2.9% in May (April: 2.7%).

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