Inflation in Panama
Panama - Inflation
Consumer prices fall in August
Consumer prices were unchanged over the prior month in September, following the 0.3% decline in August. Higher prices for food and non-alcoholic beverages; alcoholic beverages and tobacco; and restaurants and hotels offset a sharp fall in transport costs.
Meanwhile, consumer prices fell 0.6% on an annual basis in September, matching August’s drop. Annual average consumer prices fell 0.1% year-on-year in September, following a flat reading in August.
FocusEconomics Consensus Forecast panelists expect inflation to end this year at 0.5%, which is down 0.5 percentage points from last month’s forecast, and to end at 1.0% in 2020.
Panama - Inflation Data
|Inflation Rate (CPI, annual variation in %)||4.0||2.9||0.2||0.7||0.9|
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.
|Stock Market||451||0.0 %||Sep 04|
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October 14, 2019
Consumer prices were unchanged over the prior month in September, following the 0.3% decline in August.
September 16, 2019
Economic growth weakened to 2.9% in annual terms in the second quarter, down from 3.1% in Q1 and marking the worst performance since Q4 2009. The loss of momentum in the second quarter was largely due to a slowdown in the industrial sector (Q2: +2.1% year-on-year; Q1: +3.7% yoy).
September 13, 2019
Consumer prices dropped 0.3% over the prior month in August, contrasting the 0.2% increase registered in July.
August 21, 2019
The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 2.9% over the same month a year prior in June, accelerating from the 2.4% expansion registered in May. Increased economic activity in June was driven by stronger growth in the transport, storage and communications sector—which includes activity in the Panama Canal and national ports.
August 14, 2019
Consumer prices rose 0.2% over the previous month in July, contrasting the 0.3% decline registered in June.