Site Meter
Send Us An Email
Panama Guide

Welcome to Panama Guide
Tuesday, May 21 2019 @ 11:29 PM UTC

Panama consumer prices fall 0.6 pct in Nov

Money MattersPANAMA CITY, Dec 15 (Reuters) - Panamanian consumer prices fell 0.6 percent in November from a month earlier on lower international oil prices, the government said on Monday. After months of escalating prices prompted by high global energy and food prices, the Comptroller General's office said overall cost of living had dipped between October and November on lower transport, housing and utility bills. The price of transport dipped 6.6 percent from October to November, while water, electricity, gas and housing costs fell 2.5 percent on falling global oil prices. The figure brings 12-month inflation to 7.7 percent, the lowest rate since January. Facing public anger at the rising cost of living ahead of presidential elections scheduled for May 2009, the government has introduced a series of measures designed to keep prices down. Earlier this month, President Martin Torrijos promised to pay for fuel surcharges on electricity bills until December 2009, reducing monthly costs by up to 25 percent for an ordinary household. (Reporting by Andrew Beatty; Editing by Jonathan Oatis)
Share
  • Facebook
  • Google Bookmarks

Story Options

Panama consumer prices fall 0.6 pct in Nov | 0 comments | Create New Account
The following comments are owned by whomever posted them. This site is not responsible for what they say.