Inflation in Panama

Panama Inflation (eop) | Economic News & Forecasts

Panama - Inflation (end of period)

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 (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

ValueChangeDate
Stock Market4540.0 %Dec 12

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Economic News

  • Panama: Inflation ticks up in October

    November 16, 2018

    Consumer prices increased 0.1% month-on-month in October, contrasting September’s flat reading.

    Read more

  • 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.

    Read more

  • 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.

    Read more

  • 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.

    Read more

  • 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.

    Read more

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