Panama Inflation February 2016

Panama

Panama: Inflation reaches 14-month high in February

March 16, 2016

In February, consumer prices rose 0.1% month-on-month, which matched the reading tallied in January. According to the National Comptroller’s Office (Contraloría General de la República), January’s print reflected price increases for 10 of the 12 categories included in the survey. The education and health components tallied the biggest increases.

Inflation rose from 0.3% in January to 1.2% in February. While February’s print was the highest since December 2014, inflation has hovered around historically-low levels owing to a price control system and falling oil prices. In December, the government extended the price control system for an additional six months. Due to the country’s dollarized economy, authorities lack the freedom to use monetary policy or exchange rate adjustments to influence inflation.

Panelists participating in the FocusEconomics Consensus Forecast expect inflation to reach 1.6% by the end of 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel sees inflation at 2.1%.


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 February 2016 0

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


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