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Panama Inflation December 2021

Panama: Inflation plunges to lowest level since September in December

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%).

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