Inflation in Panama

Panama Inflation | Economic News & Forecasts

Panama - Inflation

Inflation continues to tumble in December

Consumer prices fell 0.4% month-on-month in December, matching November’s print. According to the National Comptroller’s Office (Contraloría General de la República), lower prices for transport; furniture; alcohol and tobacco; and housing, water, electricity and gas drove the reading.

Inflation sharply declined to 0.2% in December, from 0.8% in November. Annual average inflation, meanwhile, was stable at November’s 0.8% in December.

FocusEconomics Consensus Forecast panelists expect inflation to accelerate this year, ending 2019 at 1.8%, which is unchanged from last month’s forecast. For 2020, panelists expect inflation to end the year at 1.7%.

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.

Panama Facts

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Stock Market4400.0 %Feb 14

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Economic News

  • Panama: Economic activity picks up in November

    January 21, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) rose from 3.0% in October to 3.5% in November. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to November was largely due to growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; and commerce—notably in the Colón Free Trade Zone.

    Read more

  • Panama: Inflation continues to tumble in December

    January 15, 2019

    Consumer prices fell 0.4% month-on-month in December, matching November’s print.

    Read more

  • Panama: Inflation ticks down in November

    December 19, 2018

    Consumer prices fell 0.4% month-on-month in November, contrasting October’s 0.1% increase.

    Read more

  • Panama: Growth picks up from near decade-low in Q3, but remains hampered by feeble construction sector

    December 18, 2018

    According to data released by the National Comptroller’s Office (Contraloría General de la República), the economy regained some steam in the third quarter of 2018 after posting its worst performance in nearly a decade in Q2, but nevertheless remained subdued.

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  • Panama: Economic activity softens in October

    December 17, 2018

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) fell from 3.8% in September to 3.0% in October. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to October came on the back of growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; and commerce—notably in the Colón Free Trade Zone.

    Read more

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