Panama Inflation March 2019


Panama: Consumer prices fall in annual terms for third consecutive month in March

April 15, 2019

Consumer prices rose 0.4% month-on-month in March, up from the 0.1% increase logged in February. According to the National Comptroller’s Office (Contraloría General de la República), higher transport prices—due notably to a rebound in crude oil markets since the start of the year—drove the overall print. In addition, price increases were registered for alcohol and tobacco; communication; health; housing and utilities; hotels and restaurants; and furniture and household goods.

In annual terms, consumer prices fell 0.2% in March, up from February’s 0.5% decline. Annual average inflation, meanwhile, was stable at February’s 0.6%.

FocusEconomics Consensus Forecast panelists expect inflation to end this year at 1.6%, which is down 0.1 percentage points from last month’s forecast, and to end at 1.6% again in 2020.

Author:, Economist

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Panama Inflation Chart

Panama Inflation March 2019 0

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

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