Panama Inflation January 2018


Panama: Inflation inches down in January

January 15, 2018

Consumer prices rose 0.20% month-on-month in December, coming in slightly above the 0.19% increase observed in December. According to the National Comptroller’s Office (Contraloría General de la República), January’s print reflected higher prices in 7 of the 12 components of the index. Higher prices for hotels and restaurants, and alcoholic beverages and tobacco were largely behind the monthly increase.

Inflation inched down from 0.5% in December to 0.4% in January. Given Panama’s dollarized economy, authorities lack the freedom to use monetary policy or exchange rate adjustments to influence inflation. Meanwhile, annual average inflation edged down from 0.9% in December to 0.8% in January.

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

Sample Report

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


Panama Inflation Chart

Panama Inflation January 2018

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

Panama Economic News

  • Panama: Consumer prices fall in August

    September 13, 2019

    Consumer prices dropped 0.3% over the prior month in August, contrasting the 0.2% increase registered in July.

    Read more

  • Panama: Economic activity picks up in June

    August 21, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 2.9% over the same month a year prior in June, accelerating from the 2.4% expansion registered in May. Increased economic activity in June was driven by stronger growth in the transport, storage and communications sector—which includes activity in the Panama Canal and national ports.

    Read more

  • Panama: Consumer prices fall at weaker pace in annual terms in July

    August 14, 2019

    Consumer prices rose 0.2% over the previous month in July, contrasting the 0.3% decline registered in June.

    Read more

  • Panama: Economic activity loses traction in May

    July 22, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 2.4% in annual terms in May, down from the 2.9% expansion logged in April and marking the worst performance since July 2018. Slower economic activity in May was primarily the result of weaker growth in the construction; mining and quarrying; real estate; trade; and hotels and restaurants sectors.

    Read more

  • Panama: Consumer prices fall year-on-year in June

    July 15, 2019

    Consumer prices fell 0.3% over the prior month in June, contrasting the 0.1% increase recorded in May.

    Read more

More news

Search form