Panama Inflation December 2021


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%).

Our panelists project that consumer prices will end 2022 2.0% higher year-on-year, which is up 0.1 percentage points from last month’s forecast. The panel sees consumer prices increasing 2.0% year-on-year at the end of 2023.

Author:, Junior Economist

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Panama Inflation Chart

Panama Inflation December 2021 1

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

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