Panama Inflation February 2022


Panama: Inflation comes in at highest level since November 2021 in February

March 15, 2022

Consumer prices rose 0.69% in February over the previous month, accelerating from the 0.32% rise logged in January. February's uptick was the highest reading since March 2015. In detail, the acceleration was driven by soaring prices for alcoholic beverages and tobacco, utilities and transportation.

Inflation rose to 2.7% in February from January’s 2.6%. February's figure represented the highest inflation rate since November 2021. Annual average inflation rose to 2.3% in February (January: 2.0%).

Our panelists project that consumer prices will end 2022 2.7% higher year-on-year, which is up 0.4 percentage points from last month’s forecast. The panel sees consumer prices increasing 2.2% year-on-year at the end of 2023.

Author:, Junior Economist

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Panama Inflation Chart

Panama Inflation February 2022

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

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