It Will Cost More to Live in Panama Than Originally Thought

Panama government projections initially set inflation at three percent for 2011.

Now, it will be more like five percent due to the global increase in petrol prices, Minister of Commerce and Industry Roberto Henriquez revealed during an RPC radio interview Sunday morning.

“The situation is hitting Panamanian pockets hard,” he said.

He also explained that the government will have to be vigilant in preventing speculation and abuses in pricing, but that it should not effect the overall economic growth of the country.

Roberto Henriquez

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