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Panama's annual inflation reaches 3.5 percent

Tuesday, May 13, 2014

Panama's annual inflation rate accelerated in April to 3.5 percent from 3.3 percent the previous month, government figures showed.

Month-on-month, consumer prices in the Central American nation rose 0.5 percent in April.

Panama's president-elect, Juan Carlos Varela, said last week he will impose price controls on a range of basic foods to dampen rising costs when he takes office.

Source: Reuters