Panama Inflation April 2021

Panama

Panama: Inflation accelerates in April

May 14, 2021

Consumer prices increased 0.12% over the previous month in April, slowing down from March's 0.43% increase. April’s slowdown came amid lower prices for tobacco and alcoholic beverages. In addition, transportation prices grew at a much slower pace.

Inflation came in at 1.7% in April, significantly up from March’s 0.3%. Meanwhile, the trend pointed up, with the annual average variation of consumer prices coming in at minus 1.3% in April, up from March’s minus 1.7%.

Our panelists project that consumer prices will end 2021 1.1% higher year-on-year, which is unchanged from last month’s forecast. The panel sees consumer prices increasing 1.2% year-on-year at the end of 2022.


Author:, Junior Economist

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Panama Inflation Chart


Panama Inflation April 2021 0

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


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