Panama Inflation

Panama

Panama: Inflation moderates in June

July 16, 2012

In June, consumer prices fell 0.07% over the previous month, which contrasted the 0.42% increase recorded in May. According to the National Comptroller's Office (Contraloria General de la Republica), the monthly figure reflected how lower prices for housing, water, electricity and gas more than offset higher prices across the remaining categories. As a result of the monthly drop, annual headline inflation fell from 6.0% in May to 5.8%, its lowest level in 10 months. Nevertheless, the inflation rate remains well above the country's historically low levels. Panama registered an average inflation rate of 1.3% during the 15 years prior to the price surge that commenced in 2007 and peaked at 10.0% in September 2008. In the country's dollarized economy, authorities lack the freedom to use monetary policy or exchange rate adjustments to reduce inflation.


Author:,

Sample Report

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

Download

Panama Inflation Chart


Panama Inflation June 2012

Note: Annual and monthly variation of consumer price index in %.
Source: National Comptroller


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