Inflation in Panama
Panama - Inflation
Inflation drops in August
Consumer prices rose 0.04% from the previous month in August, below July's 0.37% rise. August's result marked the weakest increase since November 2020. The downtick was mainly due to a fall of prices for alcohol and tobacco, as well as transportation. In addition, prices for utilities, and food and non-alcoholic beverages lost steam.
Inflation came in at 2.3% in August, which was down from July’s 2.4%. The annual average variation of consumer prices rose to 0.1% in August (July: -0.3%).
Our panelists project that consumer prices will end 2021 2.0% higher year-on-year, which is up 0.2 percentage points from last month’s forecast. The panel sees consumer prices increasing 1.9% year-on-year at the end of 2022.
Panama - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.1||0.7||0.9||0.8||-0.4|
5 years of economic forecasts for more than 30 economic indicators.
Panama Inflation Chart
Source: General Controllership of the Republic of Panama and FocusEconomics calculations.
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September 21, 2021
Economic activity increased 28.5% in year-on-year terms in July, which followed June's 32.9% increase.
September 17, 2021
According to a preliminary estimate, economic activity rebounded in the second quarter, increasing 40.4% year-on-year and contrasting the 8.5% contraction recorded in the first quarter.
September 15, 2021
Consumer prices rose 0.04% from the previous month in August, below July's 0.37% rise.
August 23, 2021
Economic activity grew 24.9% compared to the same month a year earlier in June, which followed May's 34.2% increase.
August 13, 2021
Consumer prices increased 0.37% from the previous month in July, accelerating from the 0.18% rise recorded in June.