Panama Inflation June 2020

Panama

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

December 4, 2020

Consumer prices rose a seasonally-adjusted 0.52% in June over the previous month, contrasting May's 0.01% fall. June's uptick marked the sharpest increase in prices since March 2015. The increase was largely driven by higher transportation prices.

Consumer prices declined 1.6% year-on-year in June, a less pronounced drop compared to May’s 2.5% decrease. The average change in consumer prices in the 12 months leading up to June was minus 0.8%, below May’s minus 0.7%. Inflation data has recently been published with a significant lag due to Covid-19 complicating the compilation of the index.

Our panelists project that consumer prices will end 2021 0.6% higher in annual terms, which is down 0.2 percentage points from last month’s forecast. In 2022, our panelists project consumer prices to increase 0.4% year-on-year.


Author:, Junior Economist

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Panama Inflation June 20 20

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


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