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Inflation blights Panama's economic success

Wednesday, December 26, 2012

While Panama has Latin America's top performing economy, most of its population has to struggle with a 6 percent inflation rate.

Around 86 percent of Panama's population live with an income of less than $600 a month, and have to spend $312 a month on food alone.

The inflation is a result of the country losing 35,000 hectares of farming land due to heavy rains, lack of labor and excessive imports, said the general secretary of the Association of Economists of Panama, Jose Rojas.

Full story (in Spanish)