Panama Inflation April 2017

Panama

Panama: Inflation moderates to eight-month low in April

May 17, 2017

Consumer prices in Panama remained unchanged in April, coming in above the 0.1% drop observed in March. According to the National Comptroller’s Office (Contraloría General de la República), April’s print reflected lower prices in 6 of the 12 components of the index, with the transportation component recording the largest decrease. In contrast, miscellaneous goods and services was the component that increased the most.

Inflation moderated from March’s 1.5% to 1.0% in April, the lowest print since August 2016. 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 remained steady in April at the 1.0% reading observed in the preceding month.

Panelists participating in the FocusEconomics Consensus Forecast expect inflation to reach 2.2% by the end of 2017, which is up 0.3 percentage points from last month’s forecast. For 2018, the panel sees inflation ending at 2.5%.


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 April 2017

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