Inflation in Panama
Panama - Inflation
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%).
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.
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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January 14, 2022
Consumer prices dropped 0.41% in December over the previous month, contrasting November's 0.30% rise.
December 23, 2021
Economic activity expanded 17.4% year-on-year in October (September: +18.0% yoy).
December 17, 2021
According to a preliminary estimate, GDP growth waned to 26.2% year-on-year in the third quarter, from 40.4% in the second quarter.
December 15, 2021
Consumer prices increased 0.30% over the previous month in November, unchanged from October's reading.
November 22, 2021
Economic activity expanded 18.0% in year-on-year terms in September, which was a deterioration from August's 28.5% increase.