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. According to the National Comptroller’s Office (Contraloría General de la República), higher prices for alcoholic drinks and tobacco; furniture and household items; restaurants and hotels; and miscellaneous goods were offset by price declines for clothing and footwear; communication; transport; and recreation and culture.
Inflation fell to 0.8% in September from 1.1% in August, a four-month low. Annual average inflation, meanwhile, remained stable at August’s 0.7%.
Panama Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to accelerate next year, ending 2019 at 1.7%, which is down 0.1 percentage points from last month’s forecast. For 2020, panelists expect inflation to end the year at 1.8%.
Author: Joffrey Simonet, Economist