In June, consumer prices fell 0.07% over the previous month, which contrasted the 0.42% increase recorded in May. According to the National Comptroller's Office (Contraloria General de la Republica), the monthly figure reflected how lower prices for housing, water, electricity and gas more than offset higher prices across the remaining categories. As a result of the monthly drop, annual headline inflation fell from 6.0% in May to 5.8%, its lowest level in 10 months. Nevertheless, the inflation rate remains well above the country's historically low levels. Panama registered an average inflation rate of 1.3% during the 15 years prior to the price surge that commenced in 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 moderates in June
July 16, 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 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.