The accumulated inflation rate between January and August in Panama is 0.8 percent

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  • Sat, 09/15/2018 - 23:52
  • EFE

The accumulated inflation rate between last January and August in Panama was 0.8 percent, when the inter-annual variation reached 1.1 percent, according to data released today by the National Institute of Statistics and Census (INEC).

The statistical entity indicated that the Consumer Price Index (CPI) reflected a variation of 0.1 percent in August in relation to the previous month.

The groups that showed increases in the CPI last August compared to July were food and non-alcoholic beverages with 0.3 percent; health with 0.2 percent; and with 0.1 percent the segments of alcoholic beverages and tobacco; Clothing and footwear; housing, water, electricity and gas; furniture, household appliances for the ordinary conservation of the home; and transportation.

Communication and education groups remained unchanged, while the restaurant and hotel segments registered negative 0.2%; recreation and culture, and diverse goods and services, both with - 0.1 percent. When comparing the CPI for August 2018 with its similar for 2017, the following increases were observed: transportation at 4.0 percent; education at 3.7 percent; restaurants and hotels at 2.5 percent; alcoholic beverages and tobacco at 1.4 percent, and health at 1.1 percent.

The price index also increased in the various goods and services groups (1 percent); housing, water, electricity and gas (0.8 percent); furniture, articles for the home and for the ordinary conservation of the home (0.4 percent), and recreation and culture (0.2 percent).

In the year-on-year comparison, the groups that showed decreases were communications (-0.6 percent); clothing and footwear (-0.5 percent), and food and non-alcoholic beverages (-0.3 percent).

The inflation rate in Panama closed 2017 with an accumulated 0.9 percent, according to official data.


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