In April, consumer prices added 1.06% over the previous month, above the already substantial 0.91% increase observed in March. According to the National Comptroller's Office (Contraloria General de la Republica), the monthly price rise reflected an impressive increase in transportation costs (+4.6% month-on-month) due to the rising price of gasoline, affected by the ongoing turmoil in the MENA region. Moreover, prices for food rose by 0.7% over the previous month. As a result, annual headline inflation continued to increase and jumped from 5.5% in March to 6.3% in April, reaching its highest level since December 2008 and moving further above historically low inflation levels. Panama registered an average inflation rate of 1.3% in the 15 years prior to the price surge that commenced in May 2007 and peaked at 10.0% in September 2008. In the country's dollarized economy, authorities do not have the freedom to use monetary policy or exchange rate adjustments to reduce inflation.
Inflation accelerates in April for a third consecutive month
May 13, 2011
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Panama Economic News
October 25, 2016
In August, the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) accelerated from July’s seven-month low of 3.0% to 3.9%.
October 13, 2016
Consumer prices in a month-on-month comparison increased 0.2% in September after a flat reading in August.
September 27, 2016
In July, the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) decelerated from 4.1% in June to a seven-month low of 3.0% in July.
September 16, 2016
The Panamanian economy gained traction in the second quarter of the year.
September 13, 2016
In August, consumer prices were flat, down from July’s 0.10% print.