Panama Inflation September 2020

Panama

Panama: Decrease in consumer prices continues to ease on an annual basis in September

February 2, 2021

Consumer prices were up 0.06% from the previous month in September, up from August's 0.02% increase. The upturn was driven by rebounding transportation prices. In addition, health prices picked up, while prices for restaurants and hotels stagnated, after falling in the previous month.

Consumer prices decreased 1.9% year-on-year in September, upfrom August’s 2.0% decrease. In addition, the trend pointed down slightly, with the annual average variation of consumer prices coming in at minus 1.2% in September (August: -1.1%).

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 September 20 20

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


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