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%).
Author: Frederico Teixeira de Abreu, Junior Economist