Inflation hits Interior harder
Inflation running at a rate of 6% is affecting everyone in Panama, but for those in the Interior life is even more expensive.
Economic analysts figure that inflation is much higher in the countryside, especially in the Azuero region.
Economist Rolando Gordon told La Prensa that among the factors affecting the inflation trend in this part of the country are the continuing rise in the price of gasoline and food that make up the basic family basket, speculation in the price of products, the increasing cost of labor and rising land values.
Gordon says the situation becomes more critical when looking at the difference in wages of professionals in the country compared with the capital. According to him, the average annual salary of a professional in the interior is $3000, while in the capital it is $10,000.
