Inflation in Panama
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 |
Panama Inflation Chart
Source: General Controllership of the Republic of Panama and FocusEconomics calculations.
Panama Facts
| Value | Change | Date | |
|---|---|---|---|
| Stock Market | 440 | 0.0 % | 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.
Panama: Inflation continues to tumble in December
January 15, 2019
Consumer prices fell 0.4% month-on-month in December, matching November’s print.
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.
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.
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.
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