Inflation in Panama
Panama - Inflation (end of period)
Inflation comes in at highest level since June 2014 in October
Consumer prices increased 0.30% over the previous month in October, accelerating from September's 0.15% increase. The uptick was largely due to rebounding transportation prices, while prices in the restaurants and hotels, and utilities subsectors also accelerated.
Inflation came in at 2.9% in October, which was up from September’s 2.5%. October's reading represented the highest inflation rate since June 2014. Meanwhile, the trend pointed up, with annual average inflation coming in at 0.8% in October (September: 0.4%).
Our panelists project that consumer prices will end 2022 2.4% higher year-on-year, which is up 0.1 percentage points from last month’s forecast. The panel sees consumer prices increasing 1.9% year-on-year at the end of 2023.
Panama - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||0.3||1.5||0.5||0.2||-0.1|
5 years of economic forecasts for more than 30 economic indicators.
Panama Inflation (eop) Chart
Source: General Controllership of the Republic of Panama and FocusEconomics calculations.
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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.
November 15, 2021
Consumer prices increased 0.30% over the previous month in October, accelerating from September's 0.15% increase.
October 21, 2021
Economic activity expanded 26.4% year-on-year in August (July: +35.9% yoy).
October 15, 2021
Consumer prices rose 0.15% in September over the previous month, accelerating from August's 0.04% increase.
September 21, 2021
Economic activity increased 28.5% in year-on-year terms in July, which followed June's 32.9% increase.