Panama Inflation June 2019

Panama

Panama: Consumer prices fall year-on-year in June

July 15, 2019

Consumer prices fell 0.3% over the prior month in June, contrasting the 0.1% increase recorded in May. The decline was largely driven by a sharp drop in transport prices—particularly fuel prices—as well as lower prices for communications; clothing and footwear; housing, water, electricity and gas; and recreation and culture.

In annual terms, consumer prices fell 0.5% in June, following May’s flat print and marking the lowest reading in over a decade. Annual average inflation, meanwhile, ticked down from 0.4% in May to 0.3% in June.

FocusEconomics Consensus Forecast panelists expect inflation to end this year at 1.2%, which is down 0.3 percentage points from last month’s forecast, and to end at 1.6% in 2020.


Author:, Economist

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Panama Inflation Chart


Panama Inflation June 2019

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


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