Panama Inflation July 2021

Panama

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%).

Our panelists project that consumer prices will end 2021 1.8% higher year-on-year, which is up 0.1 percentage points from last month’s forecast. The panel sees consumer prices increasing 1.7% year-on-year at the end of 2022.


Author:, Junior Economist

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Panama Inflation July 2021 0

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


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