Panama’s year-on-year inflation rises 0.9% in June

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By LatAm Reports Staff Writers

Inflation in Panama showed an annual variation of 0.9% in June 2024 compared to the same period of 2023, shows the National Urban Consumer Price Index (IPC) of the National Institute of Statistics and Census (INEC), published by the Comptroller General of the Republic.

The groups that recorded increases were: housing, water, electricity and gas by 2.6%; restaurants and hotels 2.5%; various goods and services 2.2%; transport in 1.8%; food and non-alcoholic drinks; and alcoholic beverages and tobacco, both 1.0%; and education, 0.7%. The health group reflected a slight increase.

The groups that showed decreases were: clothing and footwear and communications, 2.3%; furniture, household items and for the ordinary maintenance of the home, 0.6%; and recreation and culture, 0.5%.

June, talk. May 2024

For its part, the National Urban CPI, June/May, experienced a decrease of 0.3%. The groups that reflected decreases were: communications, 2.0%; transport, 1.5%; clothing and footwear, 0.4%; furniture, household items and for ordinary maintenance of the home; and health both by 0.2%.

The decline reflected in the communications group was due to the decline in one of its two classes. The variation occurred in the “Phone service,” with 2.3%.

The decrease presented in the transport group was due to the descent in two of its seven classes. In – passenger transport by air 4.2%, due to the decrease in the price of airfares; and fuelling fuels and lubricants for personal transport equipment, 3.9 %, due to the decrease in the price of fuel for cars and engine oil.

The clothing and footwear group showed a decrease in three of its four classes. The variations were in: shoes and other shoes. by 0.8%, due to the decrease in the price of men’s shoes, slippers and slippers, shoes and shoes, shoes and sandals for women; cleaning, repair and rental of clothing. 0.5% for the decrease in the price of lava and laundry; and dressing scores. 0.2% for the decrease in the price of clothing, clothing, underwearof woman, shirt, stockings and underpants, and sweater and pants for a child.

For its part, the decrease reflected in the group furniture, household items and for the ordinary maintenance of the home was due to the decrease in six of its eleven classes. The greatest variations were shown in the classes: tools and large equipment – by 1.5%, due to the decrease in the price of home tools; and small electrical household appliances, 1.2%, due to the decrease in the price of small household equipment.

The decline observed in the health group was due to the decline in two of its seven classes. In pharmaceutical products, 0.4%, due to the decrease in the price of medicines; and medical services, 0.3%, due to the decrease in the price of medical consultation.

The housing, water, electricity and gas group showed a slight decrease. The education group did not reflect variation.

While the groups that presented increases were: food and non-alcoholic beverages by 0.3%; alcoholic beverages and tobacco 0.2%; and restaurants and hotels 0.1%.

The food and non-alcoholic drink group recorded an increase in five of its eleven classes. The largest variations were observed in the legume-hort classes in 3.1%, due to the rise in the price of tubers, legumes and beans; and Fruits, 2.0%.

The increase in the group alcoholic beverages and tobacco was the product of the rise in two of its four classes. The greatest variation occurred in the wine class at 3.0%.

The increase presented in the group restaurants and hotels was due to the growth in one of its two classes. The variation was recorded in restaurants, cafes and similar establishments, 0.1%, due to the rise in the price of ready-to-teer meals, and non-alcoholic meals and drinks outside the home.

Various groups of goods and services; and recreation and culture showed a slight rise.

This article has been translated after first appearing in La Estrella