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Inflation rate accumulated 0.7 percent between January and June in Panama

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  • Sun, 07/29/2018 - 20:36
Panamacity
  • EFE

The inflation  rate in Panama accumulated 0.7 percent between last January and June, when the interannual variation reached 1.2 percent, according to data released by the National Institute of Statistics and Census (INEC).

The statistical entity said the Consumer Price Index (CPI) reflected a variation of 0.2 percent in June compared to the previous month.

The groups that recorded increases in the CPI last June compared to May were transport with 1.2 percent; restaurants and hotels with 0.2 percent; furniture, household articles and home ordinary maintenance items with 0.1 percent, and health also with 0.1 percent.

The statistical entity said food and non-alcoholic beverages remained unchanged; alcoholic beverages and tobacco; housing, water, electricity and gas; communications; recreation and culture, including education.

The groups with negative variations were clothing and footwear, and miscellaneous goods and services, both with -0.1 percent, the Inec added.

When comparing the CPI of June 2018 with its similar figure for 2017, there were increases in transportation (5.4 percent); education (3.7 percent); restaurants and hotels (3 percent); alcoholic beverages and tobacco (1.8 percent); miscellaneous goods and services (0.9 percent); housing, water, electricity and gas (0.8 percent); health (0.7 percent), and recreation and culture (0.4 percent).

In the inter-annual period, the groups that showed declines in the CPI were food and non-alcoholic beverages (-1 percent); clothing and footwear (-0.9 percent); communications (-0.7 percent), and furniture, household items and home ordinary maintenance items (-0.1 percent).

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

EFE

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