Panama Inflation September 2021


Panama: Inflation comes in at highest level since June 2014 in September

October 15, 2021

Consumer prices rose 0.15% in September over the previous month, accelerating from August's 0.04% increase. The acceleration was mainly driven by higher price pressures in the food and non-alcoholic beverages subsector. In addition, prices for alcoholic beverages rebounded.

Inflation edged up to 2.5% in September, following August’s 2.4%. September's result was the highest inflation rate since June 2014. Meanwhile, the trend pointed up, with annual average inflation coming in at 0.4% in September (August: 0.1%).

Our panelists project that consumer prices will end 2021 2.3% higher year-on-year, which is up 0.3 percentage points from last month’s forecast. The panel sees consumer prices increasing 1.9% year-on-year at the end of 2022, which is unchanged from the previous month’s estimate.

Author:, Junior Economist

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Panama Inflation Chart

Panama Inflation September 2021

Note: Annual and monthly variation of consumer price index in %.
Source: Instituto Nacional de Estadística y Censo.

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