Panama Inflation May 2018


Panama: Inflation steady in May

June 13, 2018

Consumer prices were flat in May, contrasting the 0.19% increase observed in April. According to the National Comptroller’s Office (Contraloría General de la República), higher prices for transportation, restaurant and hotels were offset by lower prices for food and non-alcoholic beverages, and clothing and footwear.

Inflation came in at 0.8% in May, level with April’s reading. Meanwhile, annual average inflation also remained steady in May at the 0.6% print observed in April.

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 May 2018

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

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