Inflation in Panama
Panama - Inflation
Consumer prices slide in annual terms in March
Consumer prices fell 0.44% in March on a month-on-month basis, down from the 0.25% decline in February. Significantly cheaper transport prices underpinned the latest print.
Meanwhile, consumer prices fell 0.8% in March compared to the same month a year earlier, contrasting the flat reading in February. The average change in consumer prices in the 12 months leading up to March was negative 0.3%, as in February.
FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 0.3%, which is down 0.2 percentage points from last month’s forecast, and to end at 0.8% in 2021.
Panama - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.1||0.7||0.9||0.8||-0.4|
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.
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July 3, 2020
Economic activity nosedived 34.7% year-on-year in April (March: +0.6% yoy).
June 26, 2020
Consumer prices fell 0.44% in March on a month-on-month basis, down from the 0.25% decline in February.
June 19, 2020
The economy expanded 0.4% in the first quarter of 2020 compared to the same quarter a year earlier, down from the 3.3% expansion recorded in the fourth quarter of 2019 and marking the worst growth reading since Q4 2009.
June 9, 2020
Economic activity increased 1.4% in year-in-year terms in March, which followed February's 1.7% increase.
April 21, 2020
In the face of the growing coronavirus pandemic, the government raised USD 2.5 billion in global debt markets on 26 March to help fund a sizeable response to the economic impact of the public health crisis.