Panama: Inflation hits the highest level in over seven years in July
August 13, 2021
Consumer prices increased 0.37% from the previous month in July, accelerating from the 0.18% rise recorded in June. July's figure was the sharpest increase in prices since March. In detail, prices for food and non-alcoholic beverages, utilities and transportation all rose at a sharper rate in July.
Inflation rose to 2.4% in July from June’s 1.6%. July's result represented the highest inflation rate since June 2014. Meanwhile, the trend pointed up, with the annual average variation of consumer prices coming in at minus 0.3% in July (June: -0.7%).
Author: Frederico Teixeira de Abreu, Junior Economist