Panama Inflation April 2022

Panama

Panama: Inflation comes in at highest level since December 2013 in April

May 14, 2022

Consumer prices increased 0.58% over the previous month in April, moderating from March's 0.87% increase. April's result marked the weakest reading since January. The result was primarily due to slower growth in prices for food and non-alcoholic beverages. Moreover, prices for transport grew at a more subdued pace.

Inflation rose to 3.7% in April, above March’s 3.2%. April's figure was the highest inflation rate since December 2013. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 2.7% in April (March: 2.5%).

Our panelists project that inflation will end 2022 at 3.2%, which is up 0.5 percentage points from last month’s forecast. The panel sees inflation ending 2023 at 2.3%.


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Panama Inflation April 2022

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


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