Panama: Inflation plunges to lowest level since September in December
January 14, 2022
Consumer prices dropped 0.41% in December over the previous month, contrasting November's 0.30% rise. December's result marked the weakest reading since April 2020. The print was largely due to a slump in transportation prices. In addition, prices for alcoholic beverages and tobacco fell more sharply.
Inflation eased to 2.6% in December from November’s 3.4%. December's reading marked the weakest inflation rate since September. Annual average inflation rose to 1.6% in December (November: 1.3%).
Author: Frederico Teixeira de Abreu, Junior Economist