Panama Inflation


Panama: Inflation rises in February

March 13, 2012

In February, consumer prices added 0.65% over the previous month, which was above the 0.51% increase recorded in January. According to the National Comptroller's Office (Contraloria General de la Republica), although the monthly increase was broad-based, it mainly reflected higher prices for food and beverages, which more than offset lower prices for water, electricity and gas. As a result of the monthly rise, annual headline inflation rose from 6.1% in January to 6.4% in February. Currently, 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, which commenced in May 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.


Sample Report

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


Panama Economic News

More news

Search form