Panama Inflation May 2019


Panama: Consumer prices flatten in annual terms in May

June 14, 2019

Consumer prices rose 0.1% month-on-month in May, down from the 0.3% increase logged in April. According to the National Comptroller’s Office (Contraloría General de la República), higher transport prices—and fuel prices particularly—drove the monthly increase. In addition, price increases were registered for alcohol and tobacco; food and beverages; and hotels and restaurants.

In annual terms, consumer prices were flat in May, up from April’s 0.1% decline. Annual average inflation, meanwhile, ticked down from 0.5% in April to 0.4% in May.

FocusEconomics Consensus Forecast panelists expect inflation to end this year at 1.5%, 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 May 2019

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

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