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%.
"

See full report (in Spanish).

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More on this topic

Transportation and Beverages Drive Up Inflation

February 2020

At the beginning of 2020 in Panama, a positive variation in the Consumer Price Index was reported, a behavior that was determined partly by the prices of Transportation and Alcoholic Beverages and Tobacco.

From the report of the General Comptroller of the Republic:

The groups showing an increase in the National Urban CPI of January 2020, as compared to December 2019 were: Housing, water, electricity and gas with 0.6%; Transportation with 0.5%; Alcoholic beverages and tobacco, Education and Diverse goods and services all with 0.3%; Health and Restaurants and hotels both with 0.1%.

Transport Prices Put Downward Pressure on Inflation

January 2020

At the end of 2019, Panama reported a negative variation in the Consumer Price Index, a behavior that was determined partly by the prices of air passenger transport.

From the report of the General Comptroller of the Republic:

The groups that presented decreases in the National Urban CPI of December, with respect to November 2019 were: Transportation with 0.5%; Furniture, home articles and ordinary home maintenance, and Recreation and culture both with 0.4%; Alcoholic beverages and tobacco with 0.2%; Food and non-alcoholic beverages, and diverse goods and services both with 0.1%.

Dominican Republic: Year-on-Year Inflation in August 2018 is 4%

September 2018

Among the spending divisions that reported increases in prices in the eighth month of the year are Education, Transportation and Housing.

The Central Bank of the Dominican Republic (BCRD) reported that the consumer price index (CPI) has remained practically unchanged for a second consecutive month, registering a variation of 0.03% with respect to the month of July of this year.

Panama: Inflation Close to Zero at End of 2017

January 2018

Education and health were the sectors that explained the interannual variation of 0.5% registered in December 2017.

From a report by the Comptroller General of the Republic.

The groups that most influenced the year-on-year percentage variation of the National Urban CPI for December 2017 compared to 2016 were: Education with 3.5%, and Health with 2.3%; However, the group Food and non-alcoholic beverages which has the highest weight in the CPI, presented a negative variation of -1.3%.

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