Inflation in Panama
Panama - Inflation
Consumer prices fall at weaker pace in annual terms in July
Consumer prices rose 0.2% over the previous month in July, contrasting the 0.3% decline registered in June. The uptick was due to higher prices for housing, water, electricity and gas; a rebound in transport prices—particularly in gasoline prices; and higher food and non-alcoholic beverages costs.
Meanwhile, consumer prices fell 0.3% year-on-year in July, following the 0.5% decrease logged in June. Annual average inflation, meanwhile, ticked down 0.3% in June to 0.2% in July.
FocusEconomics Consensus Forecast panelists expect inflation to end this year at 1.2%, which is unchanged from last month’s forecast, and to end at 1.6% in 2020.
Panama - Inflation Data
|Inflation Rate (CPI, annual variation in %)||4.0||2.9||0.2||0.7||0.9|
5 years of economic forecasts for more than 30 economic indicators.
Panama Inflation Chart
Source: General Controllership of the Republic of Panama and FocusEconomics calculations.
|Stock Market||450||0.0 %||Jul 31|
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August 14, 2019
Consumer prices rose 0.2% over the previous month in July, contrasting the 0.3% decline registered in June.
July 22, 2019
The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 2.4% in annual terms in May, down from the 2.9% expansion logged in April and marking the worst performance since July 2018. Slower economic activity in May was primarily the result of weaker growth in the construction; mining and quarrying; real estate; trade; and hotels and restaurants sectors.
July 15, 2019
Consumer prices fell 0.3% over the prior month in June, contrasting the 0.1% increase recorded in May.
June 21, 2019
The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 2.9% year-on-year in April, down from March’s 3.0% and representing the worst print since July 2018. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity in April came on the back of growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal and national ports); water, gas and electricity supply; financial intermediation; construction; and public administration.
June 17, 2019
According to data released by the National Comptroller’s Office, the economy lost traction in the first quarter of 2019, interrupting a growth rebound that had started two quarters prior.