Panama Inflation June 2021


Panama: Inflation drops to lowest level since March in June

July 15, 2021

Consumer prices increased 0.18% in June over the previous month, following the 0.21% rise seen in May. The slowdown was mainly driven by weaker growth in prices for transportation. In addition, prices for restaurants and hotels slumped. However, prices for food and non-alcoholic beverages gained pace, while those of alcoholic beverages and tobacco rebounded.

Inflation came in at 1.6% in June, down from May’s 1.9%. June's figure represented the weakest inflation rate since March. The annual average variation of consumer prices rose to minus 0.7% in June (May: -0.9%).

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 June 2021 0

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

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