In August, consumer prices rose 0.49% over the previous month, which nearly doubled the 0.28% rise recorded in July. According to the National Comptroller's Office (Contraloria General de la Republica), the monthly figure mainly reflected higher prices for transport as well as for food and beverages. As a result of the monthly figure, annual headline inflation inched up from 6.0% in July to 6.1%. Currently, the inflation rate remains well above the country's historically low levels. In the country's dollarized economy, authorities lack the freedom to use monetary policy or exchange rate adjustments to reduce inflation.
Inflation broadly stable in August
September 12, 2012
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Panama Inflation Chart
Note: Annual and monthly variation of consumer price index in %.
Source: National Comptroller
Panama Economic News
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.
August 25, 2016
In June, the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) decelerated from May’s over-one-year high of 5.2% to 4.1%.