Panama: Inflation comes in at highest level since June 2014 in October
November 15, 2021
Consumer prices increased 0.30% over the previous month in October, accelerating from September's 0.15% increase. The uptick was largely due to rebounding transportation prices, while prices in the restaurants and hotels, and utilities subsectors also accelerated.
Inflation came in at 2.9% in October, which was up from September’s 2.5%. October's reading represented the highest inflation rate since June 2014. Meanwhile, the trend pointed up, with annual average inflation coming in at 0.8% in October (September: 0.4%).
Author: Frederico Teixeira de Abreu, Junior Economist