Panama Inflation February 2021


Panama: Consumer prices continue to fall in February in annual terms

April 1, 2021

Consumer prices rose 0.60% in February over the previous month, picking up from the 0.31% increase seen in January. February's figure marked the sharpest increase in prices since March 2015. The uptick was mainly led by higher transportation and education prices. However, prices for food and alcoholic beverages decreased from the previous month.

Consumer prices decreased 0.6% in annual terms in February, a less pronounced drop than January’s 1.4% fall. The annual average variation of consumer prices was unchanged at January's minus 1.7% in February.

Our panelists project that consumer prices will end 2021 1.1% higher year-on-year, which is down 0.1 percentage points from last month’s forecast. The panel sees consumer prices increasing 1.4% year-on-year at the end of 2022.

Author:, Junior Economist

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Panama Inflation Chart

Panama Inflation February 2021

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

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