Panama Inflation November 2020


Panama: Consumer prices fall in annual terms for ninth consecutive month in November

February 10, 2021

Consumer prices fell 0.10% from the previous month in November, following October's 0.14% decrease. The decline was largely driven by lower prices for transportation.

In year-on-year terms, consumer prices declined 2.0% in November, after falling 1.9% in October and marking the ninth consecutive month of falling prices. In addition, the annual average variation of consumer prices came in at minus 1.4% in November, down from October’s minus 1.3%.

Our panelists project that inflation will end 2021 at 1.2%, which is unchanged from last month’s forecast. The panel sees inflation ending 2022 at 1.3%.


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Panama Inflation Chart

Panama Inflation November 20 20 2

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

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