Inflation in Panama

Panama Inflation | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.1  0.7  0.9  0.8  -0.4  

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Panama Inflation Chart

Panama Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: General Controllership of the Republic of Panama and FocusEconomics calculations.

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