Panama Inflation January 2019

Panama

Panama: Consumer prices fall in annual terms in January

February 15, 2019

Consumer prices fell 0.3% month-on-month in January, up from December’s 0.4% decline. According to the National Comptroller’s Office (Contraloría General de la República), lower prices for transport; housing, water, electricity and gas; education; and food and non-alcoholic beverages drove the reading.

In year-on-year terms, consumer prices fell by 0.3% in January, contrasting the 0.2% rise logged in December. Annual average inflation, meanwhile, ticked down to 0.7% from 0.8% in December.

FocusEconomics Consensus Forecast panelists expect inflation to accelerate this year, ending 2019 at 1.6%, which is down 0.2 percentage points from last month’s forecast. For 2020, panelists expect inflation to end the year at 1.7%.


Author:, Economist

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Panama Inflation Chart


Panama Inflation January 2019

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


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