Panama Inflation October 2021


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%).

Our panelists project that consumer prices will end 2022 2.4% higher year-on-year, which is up 0.1 percentage points from last month’s forecast. The panel sees consumer prices increasing 1.9% year-on-year at the end of 2023.

Author:, Junior Economist

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Panama Inflation Chart

Panama Inflation October 2021 0

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

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