{"id":4027,"date":"2024-01-19T16:07:37","date_gmt":"2024-01-19T16:07:37","guid":{"rendered":"https:\/\/latamreports.com\/br\/?p=4027"},"modified":"2024-01-19T16:07:37","modified_gmt":"2024-01-19T16:07:37","slug":"panama-sees-inflation-grow-1-5-in-2023","status":"publish","type":"post","link":"https:\/\/latamreports.com\/br\/panama-sees-inflation-grow-1-5-in-2023\/","title":{"rendered":"Panama Sees Inflation Grow 1.5% in 2023"},"content":{"rendered":"\n

The Consumer Price Index (CPI) recorded a growth of 0.1% in December 2023, compared to the previous month.<\/p>\n\n\n\n

The inflation rate in Panama closed December 2023 with an annual cumulative of 1.5 percent, bringing the year-on-year to 1.9 %, driven by increases in the price of services and education, according to data from the National Institute of Statistics and Census (Inec) released on Tuesday.<\/p>\n\n\n\n

The Consumer Price Index (CPI) recorded a 0.1 per cent growth in December 2023, compared to the previous month, pushed by rises in groups of restaurants and hotels (1 per cent); food and non-alcoholic beverages (0.5 per cent); alcoholic beverages and tobacco (0.3 per cent); miscellaneous goods and services (0.2 per cent) and housing, water, electricity and gas (0.1 per cent).<\/p>\n\n\n\n

The year-on-year variation of 1.9 per cent as of December 2023 was driven by increases in housing, water, electricity and gas groups by 9.9 per cent; education (3.7 per cent); miscellaneous goods and services (3.6 per cent); food and non-alcoholic beverages (2.4 per cent); alcoholic beverages and tobacco (2.3 per cent); restaurants and hotels (2.1 per cent); health (1.3 per cent); and transport (1.1 per cent).<\/p>\n\n\n\n

In January last year, Inec explained that the completion of an extraordinary subsidy to the electricity rate due to the covine-19 pandemic shot 39.6 percent of the CPI in the electricity class that month, one of the 8 that make up the housing, water, electricity and gas group.<\/p>\n\n\n\n

This 2024 has also begun with an increase in electricity prices, of between 2 % and 15 %, which is expected to have an impact on inflation this year, which according to forecasts from the UN Department of Economic and Social Affairs will reach 2.2 per cent.<\/p>\n\n\n\n

Sign up to receive exclusive content<\/p>\n\n\n\n

Inflation in Panama closed 2022 with an annual variation of 2.1% and a cumulative variation between January and December of 2.9 per cent, while the 2021 inflation was 2.6 per cent and 1.6 per cent, respectively.<\/p>\n\n\n\n

The results of recent years contrast with the variation of -1.6% in 2020, a year of almost total economic paralysis due to the pandemic, the -0.4 % accumulated between January and December 2019 and 0.8% in 2018, according to official figures.<\/p>\n\n\n\n

This article has been translated from the original which first appeared in Panamerica<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Consumer Price Index (CPI) recorded a growth of 0.1% in December 2023, compared to the previous month. The inflation rate in Panama closed December … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3055,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2,13],"tags":[21],"class_list":["post-4027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios","category-politica","tag-panama","resize-featured-image"],"yoast_head":"\nPanama Sees Inflation Grow 1.5% in 2023 - LatAm Reports<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/latamreports.com\/br\/panama-sees-inflation-grow-1-5-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Panama Sees Inflation Grow 1.5% in 2023 - LatAm Reports\" \/>\n<meta property=\"og:description\" content=\"The Consumer Price Index (CPI) recorded a growth of 0.1% in December 2023, compared to the previous month. 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