Panama Inflation

Panama

Panama: Inflation picks back up in September

October 14, 2014

In September, consumer prices increased 0.33% over the previous month, which was slightly above the 0.13% increase recorded in August. According to the National Comptroller’s Office (Contraloria General de la Republica), the monthly increase in September was driven mainly by higher prices for healthcare, as well as for food and beverages, despite the price control system for basic food products that President Juan Carlos Varela introduced in July.

Annual inflation increased from 2.1% in August to 2.3% in September. The recently-introduced price control system, however, has kept inflation more in line with historically-low levels. Due to the country’s dollarized economy, authorities lack the freedom to use monetary policy or exchange rate adjustments to reduce inflation.

LatinFocus Consensus Forecast panelists expect inflation to reach 3.8% by the end of 2014, which is down 0.1 percentage points from last month’s forecast. For 2015, the panel sees inflation at 3.6%.


Author:, Economist

Sample Report

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

Download

Panama Inflation Chart


Panama Inflation September 2014

Note: Annual and monthly 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