Panama Inflation July 2019

Panama

Panama: Consumer prices fall at weaker pace in annual terms in July

August 14, 2019

Consumer prices rose 0.2% over the previous month in July, contrasting the 0.3% decline registered in June. The uptick was due to higher prices for housing, water, electricity and gas; a rebound in transport prices—particularly in gasoline prices; and higher food and non-alcoholic beverages costs.

Meanwhile, consumer prices fell 0.3% year-on-year in July, following the 0.5% decrease logged in June. Annual average inflation, meanwhile, ticked down 0.3% in June to 0.2% in July.

FocusEconomics Consensus Forecast panelists expect inflation to end this year at 1.2%, which is unchanged from last month’s forecast, and to end at 1.6% in 2020.


Author:, Economist

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Panama Inflation Chart


Panama Inflation July 2019

Note: Annual variation of consumer price index in %.
Source: National Comptroller’s Office and FocusEconomics calculations


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