Inflation in Panama
Panama - Inflation
Inflation ticks up in October
Consumer prices increased 0.1% month-on-month in October, contrasting September’s flat reading. According to the National Comptroller’s Office (Contraloría General de la República), higher prices for transport; food and beverages; alcohol and tobacco; health; and restaurant and hotels drove the reading, though lower prices for communication as well as recreation and culture weighed down the print.
Inflation rose to 1.0% in October, from 0.8% in September. Annual average inflation, meanwhile, ticked up to 0.8% in October from 0.7% in September.
FocusEconomics Consensus Forecast panelists expect inflation to accelerate next year, ending 2019 at 1.9%, which is up 0.2 percentage points 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 |
Panama Inflation Chart
Source: General Controllership of the Republic of Panama and FocusEconomics calculations.
Panama Facts
| Value | Change | Date | |
|---|---|---|---|
| Stock Market | 454 | 0.0 % | Dec 12 |
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Economic News
Panama: Economic activity continues to gain steam in September
November 16, 2018
The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) accelerated from 3.4% in August to 3.4% in September, its best showing since last April. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to September came on the back of growth in the sectors of fishing; transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; and commerce.
Panama: Inflation ticks up in October
November 16, 2018
Consumer prices increased 0.1% month-on-month in October, contrasting September’s flat reading.
Panama: Economic activity picks up markedly in August
October 17, 2018
The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) accelerated from 2.0% in July to 3.4% in August, its best showing since last April. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to August came on the back of growth in the sectors of fishing; transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; public administration; commerce; and financial intermediation.
Panama: Inflation continues to decrease in September
October 15, 2018
Consumer prices were flat month-on-month in September, following the 0.1% month-on-month increase logged in August.
Panama: Growth continues slowing to near decade-low in Q2, weighed on by construction strikes
September 17, 2018
According to data released by the National Comptroller’s Office (Contraloría General de la República), the economy continued to lose steam in the second quarter of 2018.
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