Panama Inflation March 2022


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

April 13, 2022

Consumer prices increased 0.87% over the previous month in March, accelerating from February's 0.69% increase. March's uptick was the highest reading since March 2015.

Inflation rose to 3.2% in March from February’s 2.7%. March's reading marked the highest inflation rate since November 2021. Annual average inflation rose to 2.5% in March (February: 2.3%).

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 Chart

Panama Inflation March 2022

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

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