Inflation in Panama

Panama Inflation | Economic News & Forecasts

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

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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