Panama Inflation August 2021


Panama: Inflation drops in August

September 15, 2021

Consumer prices rose 0.04% from the previous month in August, below July's 0.37% rise. August's result marked the weakest increase since November 2020. The downtick was mainly due to a fall of prices for alcohol and tobacco, as well as transportation. In addition, prices for utilities, and food and non-alcoholic beverages lost steam.

Inflation came in at 2.3% in August, which was down from July’s 2.4%. The annual average variation of consumer prices rose to 0.1% in August (July: -0.3%).

Our panelists project that consumer prices will end 2021 2.0% higher year-on-year, which is up 0.2 percentage points from last month’s forecast. The panel sees consumer prices increasing 1.9% year-on-year at the end of 2022.

Author:, Junior Economist

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Panama Inflation Chart

Panama Inflation August 2021

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

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