Panama Inflation February 2019

Panama

Panama: Consumer prices fall in annual terms for second month running in February

March 15, 2019

Consumer prices rose 0.1% month-on-month in February, contrasting the 0.3% fall in January. According to the National Comptroller’s Office (Contraloría General de la República), more expensive transport pulled prices up in February, while cheaper food and non-alcoholic beverages weighed on the overall increase.

In year-on-year terms, consumer prices fell 0.5% in February, which represents the second consecutive decrease after January’s 0.3% fall. Annual average inflation, meanwhile, ticked down to 0.6% in February from 0.7% in January.

FocusEconomics Consensus Forecast panelists expect inflation end this year at 1.7%, which is up 0.1 percentage points from last month’s forecast. Panelists expect inflation to end next year at 1.6%.


Author:, Economist

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Panama Inflation Chart


Panama Inflation February 2019

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


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