Perez crossed the line in eighth place after appearing to lunge up the inside of the Williams driver into the sharp Turn 13 left-hander.
The pair made contact at the apex and Albon, who was deflected off-line, had to hit the brakes and lock up his tyres to avoid the outside wall.
Both drivers were summoned in front of the FIA race stewards, who reasoned that 11th-placed finisher Albon had attempted to take the normal racing line through the corner and was unaware of the precise location of Perez's RB19.
Perez's move up the inside was considered to be an "optimistic late manoeuvre that could be defined as 'diving in', and that there was nothing that [Albon] could have done to avoid the collision."
As a result, Perez was found to be predominately to blame and copped a five-second penalty and had a point added to his FIA superlicence.
However, the Mexican retains eighth place in the final classification as his nearest pursuer, AlphaTauri substitute Liam Lawson, crossed the line 13s further back.
Albon reckoned points had been lost. He said: "We did the race perfectly. I was running P9, was about to overtake Liam for P8, then I got dive-bombed by Checo into Turn 13.
"He T-boned me and I went straight on into the wall, I had to reverse out, I dropped to 13th and I finished 11th so we should have scored points today and we didn't."
Source: Autosport