In August, consumer prices added 0.45% over the previous month, well above the 0.07% increase observed in July. According to the National Comptroller's Office (Contraloria General de la Republica), the monthly price rise mainly reflected price increases in food and beverages, as well as in transport. Owing to the price spike in the same month last year, annual headline inflation inched down from 5.4% in July to 5.3% in August, declining for the second time since the beginning of this year. Nonetheless, the inflation rate remains well above historically low levels. Panama registered an average inflation rate of 1.3% during 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 lack the freedom to use monetary policy or exchange rate adjustments to reduce inflation.
Inflation continues to moderate in August
September 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.