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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 0.1 | 0.7 | 0.9 | 0.8 | -0.4 |
Panama Inflation Chart
Source: General Controllership of the Republic of Panama and FocusEconomics calculations.
Panama Facts
| Value | Change | Date |
|---|
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Economic News
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Panama: Economic activity growth loses pace in July
September 21, 2021
Economic activity increased 28.5% in year-on-year terms in July, which followed June's 32.9% increase.
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Panama: Economy grows at quickest pace on record in Q2
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.
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Panama: Inflation drops in August
September 15, 2021
Consumer prices rose 0.04% from the previous month in August, below July's 0.37% rise.
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Panama: Economic activity growth eases in June
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.
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Panama: Inflation hits the highest level in over seven years in July
August 13, 2021
Consumer prices increased 0.37% from the previous month in July, accelerating from the 0.18% rise recorded in June.
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