Panama Inflation August 2020

Panama

Panama: Consumer prices fall at a softer rate on an annual basis in August

January 15, 2021

Consumer prices were up 0.02% from the previous month in August, contrasting July's 0.40% decrease. The upturn was driven by rebounding prices for utilities, which outpaced declines in prices for alcohol and tobacco, transportation and hotels and restaurants.

Consumer prices decreased 2.0% year-on-year in August, easing from July’s 2.2% decrease. In addition, the trend pointed down slightly, with the annual average variation of consumer prices coming in at minus 1.1% in August (July: -1.0%).

Our panelists project that consumer prices will end 2021 1.2% higher year-on-year, which is up 0.6 percentage points from last month’s forecast. The panel sees consumer prices increasing 1.3% year-on-year at the end of 2022.


Author:, Junior Economist

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Panama Inflation August 20 20 0

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


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