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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 0.1 | 0.7 | 0.9 | 0.8 | -0.4 |
Panama Inflation Chart
Source: General Controllership of the Republic of Panama and FocusEconomics calculations.
Panama Facts
| Value | Change | Date |
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Economic News
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Panama: Economic activity falls at sharpest pace on record in April
July 3, 2020
Economic activity nosedived 34.7% year-on-year in April (March: +0.6% yoy).
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Panama: Consumer prices slide in annual terms in March
June 26, 2020
Consumer prices fell 0.44% in March on a month-on-month basis, down from the 0.25% decline in February.
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Panama: Economic growth slumps to one-decade low at outset of 2020
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.
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Panama: Economy slows in March due to lockdown measures
June 9, 2020
Economic activity increased 1.4% in year-in-year terms in March, which followed February's 1.7% increase.
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Panama: Government announces fiscal response to coronavirus pandemic fallout
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.
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