Inflation in Panama

Panama Inflation | Economic News & Forecasts

Panama - Inflation

Inflation rises to over one-year high in June

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%.

Panama - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)4.0  2.9  0.2  0.7  0.9  

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Panama Inflation Chart

Panama Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: General Controllership of the Republic of Panama and FocusEconomics calculations.

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