Panama Inflation May 2021


Panama: Inflation comes in at highest level since October 2014 in May

June 17, 2021

Consumer prices rose 0.21% from the previous month in May, picking up from the 0.12% rise recorded in April. May saw higher prices for food and non-alcoholic beverages, transportation and restaurants and hotels.

Inflation ticked up to 1.9% in May, slightly above April’s 1.7%. May's reading represented the highest inflation rate since October 2014. The annual average variation of consumer prices rose to minus 0.9% in May (April: -1.3%).

Our panelists project that consumer prices will end 2021 1.5% higher year-on-year, which is up 0.3 percentage points from last month’s forecast. The panel sees consumer prices increasing 1.6% year-on-year at the end of 2022.

Author:, Junior Economist

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Panama Inflation Chart

Panama Inflation May 2021 0

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

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