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Tuesday, May 21 2019 @ 11:20 PM UTC

Panama Consumer Prices Increase Again

Money Matters(Prensa Latina) The Consumer Price Index in Panama increased 5.2 percent at the end of September, compared to the same month of 2006, according to data published on Tuesday by the Comptroller's Office of the Republic. Transportation, with an 8.8 percent increase, housing with 3.7, education with 3.2, and health with 2.4, are among the main causes for the new hike in the cost of life. The increase of the CPI in September was 0.5 percent, according to the same source, while 4.2 percent was accumulated in the first nine months of the present year. Panamanian Economist Adolfo Quintero said the upward trend in prices is due to external and internal factors. Among the external factors, the price of oil and its derivatives, as well as an increase in the demand of products, due to the world economic growth, Quitero told La Prensa Daily. On the domestic front, he mentioned the existence of food hoarding and speculation in sales.
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