Inflation in Panama
Panama - Inflation
Consumer prices fall in annual terms for third consecutive month in March
Consumer prices rose 0.4% month-on-month in March, up from the 0.1% increase logged in February. According to the National Comptroller’s Office (Contraloría General de la República), higher transport prices—due notably to a rebound in crude oil markets since the start of the year—drove the overall print. In addition, price increases were registered for alcohol and tobacco; communication; health; housing and utilities; hotels and restaurants; and furniture and household goods.
In annual terms, consumer prices fell 0.2% in March, up from February’s 0.5% decline. Annual average inflation, meanwhile, was stable at February’s 0.6%.
FocusEconomics Consensus Forecast panelists expect inflation to end this year at 1.6%, which is down 0.1 percentage points from last month’s forecast, and to end at 1.6% again in 2020.
Panama - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 4.0 | 2.9 | 0.2 | 0.7 | 0.9 |
Panama Inflation Chart
Source: General Controllership of the Republic of Panama and FocusEconomics calculations.
Panama Facts
| Value | Change | Date | |
|---|---|---|---|
| Stock Market | 438 | 0.0 % | Jun 20 |
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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.
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.
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.
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.
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.
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