Inflation in Panama

Panama Inflation (eop) | Economic News & Forecasts

Panama - Inflation (end of period)

Consumer prices fall in annual terms in January

Consumer prices fell 0.3% month-on-month in January, up from December’s 0.4% decline. According to the National Comptroller’s Office (Contraloría General de la República), lower prices for transport; housing, water, electricity and gas; education; and food and non-alcoholic beverages drove the reading.

In year-on-year terms, consumer prices fell by 0.3% in January, contrasting the 0.2% rise logged in December. Annual average inflation, meanwhile, ticked down to 0.7% from 0.8% in December.

FocusEconomics Consensus Forecast panelists expect inflation to accelerate this year, ending 2019 at 1.6%, which is down 0.2 percentage points from last month’s forecast. For 2020, panelists expect inflation to end the year at 1.7%.

Panama - Inflation (eop) Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %, eop)3.7  2.6  0.3  1.5  0.5  

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Panama Inflation (eop) Chart

Panama Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: General Controllership of the Republic of Panama and FocusEconomics calculations.

Panama Facts

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