Inflation in Panama

Panama Inflation (eop) | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %, eop)0.3  1.5  0.5  0.2  -0.1  

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Panama Inflation (eop) 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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