Panama: Transportation Pressures Inflation Down

During February in the country the CPI reported -0.3% year-on-year variation, which is partly explained by the behavior of the prices of the transport category.

Friday, March 13, 2020

The groups that showed decreases in the National Urban CPI for February compared to January 2020 were: Transportation with 1.3%, Food and non-alcoholic beverages with 0.8%, Recreation and culture with 0.4%, Communications with 0.3%, Alcoholic beverages and tobacco, clothing and footwear, and Health all with 0.1%, reported the General Comptroller of the Republic.

The document states that "... The decrease observed in the Transport group, was due to the drop recorded in three of its seven classes. The greatest variation was in the class "Fuels and lubricants for personal transportation equipment" with 5.6%, due to the decrease in the price of automotive fuel.

The Food and non-alcoholic beverages group showed a decrease in nine of its eleven classes. The greatest variation was in the class "Meat" with 1.9%, due to the decrease in the price of chicken meat. The Recreation and Culture group showed a decrease in seven of its sixteen classes.

The greatest variation was in the "Tourist Packages" class with 6.5%. The drop reflected in the Communications group was due to a decrease in one of its two classes, "Telephone Equipment" with 2.6%.
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See full report (in Spanish).

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