Panama Inflation May 2019

Panama

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

Sample Report

Looking for forecasts related to Inflation in Panama? Download a sample report now.

Download

Panama Inflation Chart


Panama Inflation May 2019

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


Panama Economic News

  • Panama: Economic activity picks up in June

    August 21, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 2.9% over the same month a year prior in June, accelerating from the 2.4% expansion registered in May. Increased economic activity in June was driven by stronger growth in the transport, storage and communications sector—which includes activity in the Panama Canal and national ports.

    Read more

  • Panama: Consumer prices fall at weaker pace in annual terms in July

    August 14, 2019

    Consumer prices rose 0.2% over the previous month in July, contrasting the 0.3% decline registered in June.

    Read more

  • Panama: Economic activity loses traction in May

    July 22, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 2.4% in annual terms in May, down from the 2.9% expansion logged in April and marking the worst performance since July 2018. Slower economic activity in May was primarily the result of weaker growth in the construction; mining and quarrying; real estate; trade; and hotels and restaurants sectors.

    Read more

  • 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.

    Read more

  • Panama: Economic activity remains feeble in April

    June 21, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 2.9% year-on-year in April, down from March’s 3.0% and representing the worst print since July 2018. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity in April came on the back of growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal and national ports); water, gas and electricity supply; financial intermediation; construction; and public administration.

    Read more

More news

Search form