Panama Inflation November 2016

Panama

Panama: Inflation edges down in November

December 12, 2016

Panamanian consumer prices in a month-on-month comparison dropped 0.10% in November, contrasting the 0.10% increase observed in October and marking the first drop in monthly consumer prices since June. According to the National Comptroller’s Office (Contraloría General de la República), November’s print reflected lower prices in 6 of the 12 components of the index, with transportation, food and non-alcoholic beverages decreasing the most.

Inflation moderated from 1.4% in October to 1.3% in November. Due to the country’s dollarized economy, the authorities lack the freedom to use monetary policy or exchange rate adjustments to influence inflation. Meanwhile, annual average inflation inched up from 0.5% in October to 0.6% in November, marking the highest reading in over one year.

Panelists participating in the FocusEconomics Consensus Forecast expect inflation to reach 1.3% by the end of 2016, which is up 0.3 percentage points from last month’s forecast. For 2017, the panel sees inflation at 2.1%.


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 November 2016 0

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


Panama Economic News

  • Panama: Economic activity falters in March

    May 21, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 3.0% year-on-year in March, significantly weakening from February’s 3.7% print. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity in March was largely driven by growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal and national ports); water and electricity supply; financial intermediation; and public administration.

    Read more

  • Panama: Economic activity slightly accelerates in February

    April 22, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 3.7% year-on-year in February, ticking up from January’s 3.6% print. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity in February was largely driven by growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal and national ports); water and electricity supply; and hotels and restaurants.

    Read more

  • Panama: Consumer prices fall in annual terms for third consecutive month in March

    April 15, 2019

    Consumer prices rose 0.4% month-on-month in March, up from the 0.1% increase logged in February.

    Read more

  • Panama: Opposition PRD candidate likely to take power on pro-business, anti-corruption platform

    April 9, 2019

    The upcoming Panamanian general elections, scheduled to be held on 5 May, will likely see Laurentino Cortizo of the center-left opposition party PRD (Partido Revolucionario Democrático) win the race for the country’s executive office, ousting the ruling conservative Panameñista Party (PP) of incumbent President Juan Carlos Varela from power.

    Read more

  • Panama: Economic activity softens in January

    March 20, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) fell from 3.8% in December to 3.6% in January. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity in January was largely driven by growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; and hotels and restaurants.

    Read more

More news

Search form