Panama Inflation April 2018

Panama

Panama: Inflation edges up in April

May 14, 2018

Consumer prices rose 0.19% month-on-month in April, coming in above the 0.10% increase observed in March. According to the National Comptroller’s Office (Contraloría General de la República), April’s print reflected higher prices in 3 of the 12 components of the index, with transportation, and alcoholic beverages and tobacco recording the sharpest increases.

Inflation came in at 0.8% in April, above the 0.6% figure recorded in March. Given Panama’s dollarized economy, authorities lack the freedom to use monetary policy or exchange rate adjustments to influence inflation. Meanwhile, annual average inflation remained steady in April at the 0.6% print observed in March.

FocusEconomics Consensus Forecast panelists expect inflation to end 2018 at 1.7%, which is down 0.3 percentage points from last month’s projection. For 2019, panelists project inflation of 2.4%.


Author: Jean-Philippe Pourcelot, Economist

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Panama Inflation Chart


Panama Inflation April 2018

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


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