Panama Inflation July 2020

Panama

Panama: Consumer prices slide at a steeper rate on an annual basis in July

January 13, 2021

Consumer prices were down 0.40% from the previous month in July, contrasting June's 0.52% increase. The downturn was driven by lower housing, water and energy prices, which more than offset the slight upturn in transportation prices.

Consumer prices decreased 2.2% year-on-year in July, a sharper fall than June’s 1.6% decrease. In addition, the trend pointed down slightly, with the annual average variation of consumer prices coming in at minus 1.0% in July (June: -0.8%).

Our panelists project that consumer prices will end 2021 0.6% higher year-on-year, which is down 0.2 percentage points from last month’s forecast. The panel sees consumer prices increasing 0.4% year-on-year at the end of 2022.


Author:, Junior Economist

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Panama Inflation July 20 20 0

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


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