Inflation in Panama

Panama Inflation | Economic News & Forecasts

Panama - Inflation

Inflation comes in at highest level since February 2013 in May

Consumer prices increased 0.76% over the previous month in May, picking up from the 0.58% rise seen in April. The result was largely driven by rising price pressures for food and non-alcoholic beverages as well transport. On the other hand, clothing and footwear saw a small reduction in prices.

Inflation rose to 4.2% in May, following April’s 3.7%. May's result marked the highest inflation rate since February 2013. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 2.9% in May (April: 2.7%).

Our panelists project that inflation will end 2022 at 4.0%, which is down 0.1 percentage points from last month’s forecast. The panel sees inflation ending 2023 at 2.3%.

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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