The skyline in Panama City, Panama

Panama Inflation December 2022

Panama: Inflation increases in December to the highest rate since July

Inflation increased to 2.1% in December from November’s 1.5%. December’s reading was the highest inflation rate since July. Looking at the details of the release, housing, food and transport prices rose at a quicker pace in December compared to the previous month, while price pressures for clothing and footwear dropped.

Annual average inflation was unchanged at November’s 2.9% in December.

Lastly, consumer prices rose 0.17% in December over the previous month, largely in line with the 0.13% rise seen in November. December’s figure marked the highest reading since June.

Inflation should increase slightly from current levels this year due to the end of government fuel subsidies on 15 February and dynamic domestic demand growth. Nevertheless, the removal of these subsidies could prove politically difficult; they have already been prolonged twice. Key factors to watch include swings in commodity prices and in public policy.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest