Panama Inflation November 2021


Panama: Inflation comes in at highest level since April 2014 in November

December 15, 2021

Consumer prices increased 0.30% over the previous month in November, unchanged from October's reading. Despite the stable print, a few sub-groups logged changes, with an ease in price pressures for food and non-alcoholic beverages and an acceleration in price growth for transportation.

Inflation came in at 3.4% in November, up from October’s 2.9%. November's reading represented the highest inflation rate since April 2014. Annual average inflation rose to 1.3% in November (October: 0.8%).

Our panelists project that consumer prices will end 2022 2.0% higher year-on-year, which is up 0.1 percentage points from last month’s forecast. The panel sees consumer prices increasing 2.0% year-on-year at the end of 2023.

Author:, Junior Economist

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Panama Inflation Chart

Panama Inflation November 2021

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

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