Panama Inflation June 2016

Panama

Panama: Inflation in June eases to seven-month low

July 12, 2016

In June, consumer prices dropped 0.10% month-on-month, which contrasted the 0.19% increase tallied in May. According to the National Comptroller’s Office (Contraloría General de la República), June’s print reflected lower prices for 3 of the 12 categories included in the survey. The communications component tallied the biggest drop while transportation was the component that increased the most.

In June, inflation eased from 0.3% in May to 0.1%. June’s print marks the lowest reading since November. Inflation has hovered at historically low levels owing to still-low oil prices and a strong USD. Due to the country’s dollarized economy, authorities lack the freedom to use monetary policy or exchange rate adjustments to influence inflation. Meanwhile, annual average inflation in June rested at the 0.3% mark for the fourth consecutive month.

Panelists participating in the FocusEconomics Consensus Forecast expect inflation to reach 1.3% by the end of 2016, which is unchanged from last month’s forecast. For 2017, the panel sees inflation at 1.9%.


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 June 2016

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