Panama Inflation

Panama

Panama: Consumer prices remain stable at historical-low in October

November 13, 2015

In October, consumer prices dropped 0.10% over the previous month, which came in above September’s 0.48% drop (previously reported: -0.39% month-on-month). According to the National Comptroller’s Office (Contraloría General de la República), three of the twelve categories surveyed reported a drop. The biggest drops were reported by the transportation, communication, and alcoholic beverages and tobacco components. However, the drop was offset by gains in five components of the survey.

Consumer prices fell 0.4% in annual terms in October, which matched September’s reading. October’s reading represents the third time this year that inflation has tallied minus 0.4%—the lowest reading ever recorded. Inflation has remained at historically-low levels thanks to a price control system and falling oil prices. Nevertheless, inflation is expected to pick up moderately after December when the government is expected to remove the price control system that has been in place since 2014. Due to the country’s dollarized economy, authorities lack the freedom to use monetary policy or exchange rate adjustments to influence inflation.

Panelists participating in the LatinFocus Consensus Forecast expect inflation to reach 1.1% by the end of 2015, which is down 1.4 percentage points from last month’s forecast. For 2016, the panel sees inflation at 1.8%, which is down 1.3 percentage points from last month’s forecast.


Author: Jean-Philippe Pourcelot, Economist

Sample Report

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

Download

Panama Inflation Chart


Panama Inflation October 2015

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


Panama Economic News

  • Panama: Economic activity continues to gain steam in September

    November 16, 2018

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) accelerated from 3.4% in August to 3.4% in September, its best showing since last April. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to September came on the back of growth in the sectors of fishing; transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; and commerce.

    Read more

  • Panama: Inflation ticks up in October

    November 16, 2018

    Consumer prices increased 0.1% month-on-month in October, contrasting September’s flat reading.

    Read more

  • Panama: Economic activity picks up markedly in August

    October 17, 2018

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) accelerated from 2.0% in July to 3.4% in August, its best showing since last April. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to August came on the back of growth in the sectors of fishing; transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; public administration; commerce; and financial intermediation.

    Read more

  • Panama: Inflation continues to decrease in September

    October 15, 2018

    Consumer prices were flat month-on-month in September, following the 0.1% month-on-month increase logged in August.

    Read more

  • Panama: Growth continues slowing to near decade-low in Q2, weighed on by construction strikes

    September 17, 2018

    According to data released by the National Comptroller’s Office (Contraloría General de la República), the economy continued to lose steam in the second quarter of 2018.

    Read more

More news

Search form