Panama Inflation June 2018

Panama

Panama: Inflation rises to over one-year high in June

July 13, 2018

Consumer prices rose 0.2% month-on-month in June, coming in above the flat reading recorded in May. According to the National Comptroller’s Office (Contraloría General de la República), higher prices for transportation and restaurants and hotels were largely behind the increase.

Inflation jumped to 1.2% in June from 0.8% in May, the highest reading since March 2017. Annual average inflation, meanwhile, remained steady in June at May’s 0.6%.

FocusEconomics Consensus Forecast panelists expect inflation to end 2018 at 1.7%, which is up 0.2 percentage points from last month’s projection. For 2019, panelists project inflation of 1.8%.


Author: Jean-Philippe Pourcelot, Economist

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Panama Inflation Chart


Panama Inflation June 2018 0

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


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