In May, consumer prices added 0.37% over the previous month, well below the 1.06% increase observed in April. According to the National Comptroller's Office (Contraloria General de la Republica), the monthly price rise reflected an increase in transportation costs (+0.4% month-on-month) due to the rising price of gasoline as well as higher prices for food (+0.4% mom). As a result, annual headline inflation continued to increase and inched up from 6.3% in April to 6.4% in May, 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 May for a fourth consecutive month
June 14, 2011
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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%.