Panama annual inflation at 0.4 pct in May

viernes 12 de junio de 2015 19:34 GYT

PANAMA CITY, June 12 (Reuters) - Annual inflation in Panama rose to 0.4 percent in May after remaining flat in April, the country's statistics office said on Friday.

On a monthly basis, consumer prices rose 0.5 percent in May from April.

The rise was driven by higher transportation costs as well as a boost in alcohol and food prices, the office said.

The government is projecting annual inflation of around 2 percent this year, down from 2.6 percent in 2014. (Reporting by Elida Moreno; Editing by Richard Chang)