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Panama annual inflation cools in December

Wednesday, January 14, 2015

Consumer prices in Panama dropped in December on lower gasoline and transportation costs, helping push the annual inflation rate further down, the statistics office said.

Consumer prices in the Central American nation contracted 0.4 percent in December compared to November, according to the data.

Versus a year ago, annual inflation rose 2.6 percent in 2014 down from a 4 percent rate in 2013, the office said.

Source: Reuters