The Economy Grows and so do Prices

In Panama, greater economic dynamism and international prices have pushed inflation up.

Wednesday, September 21, 2011

With an economy growing at a pace such as Panama’s, it's normal that prices tend to rise, especially in an international context of high raw material prices.

In the first half of the year Panama's GDP grew by more than 10%, reflecting the country’s strong economic dynamism, which is also reflected in prices. This year the government projects inflation of 4.5%.

In the boom time that Panama is experiencing, experts advise consumers to save, and learn to deal with inflationary pressures typical of fast-growing economies.

In an article in panamaamerica.com, the consultant Luisa Turola, says that "when an economy has as strong a momentum as Panama’s, because of the effect of all the major projects and investments that are being developed, aggregate demand is very high, and this is why inflationary pressure is always generated. "
Factors such as fuel, which is imported, and various other raw materials which are also brought from abroad at prices which tend to fluctuate and not be controlled in Panama, affect the rate of inflation and, therefore, the price of products. "



More on this topic

Dominican Republic: Inflationary Rhythm Keeps Accelerating

November 2019

In October, the Consumer Price Index rose 2.5% year-on-year, up from 2% in September 2019.

The consumer price index (CPI) in October 2019 registered a 0.67% variation with respect to the month of September, placing accumulated inflation from January to October at 3.06%, explains a report by the Central Bank of the Dominican Republic.

Guatemala: 4% YoY Inflation up to May 2018

June 2018

In the fifth month of the year, the CPI registered a monthly variation of 0.47%, mainly explained by the behavior of the prices of Transportation and Food.

From a report by the National Statistics Institute:

The most important inflation levels of May 2018 are the following: a monthly inflation of 0.47%, an inflationary rhythm of 4.09% and an accumulated inflation of 0.15% were registered. 

Panama: Inflation Up 3.9 % in September

October 2013

The Consumer Price Index (CPI) in September compared to August of 2013 showed an increase of 0.1 % .

From a report released by the National Institute of Statistics and Census:

Comments on the Consumer Price Index September 2013 National Urban:

The Consumer Price Index (CPI) in September 2013 , compared to the previous month, registered an increase of 0.1 % , both in the National Urban are, and for the districts of Panama and San Miguelito, while for the rest Urban areas, it was 0.2 %. Compared to September 2012, there was an increase of 3.9 % for the National Urban area and for the districts of Panama and San Miguelito 3.8 %, and 4.3 % in the Other Urban. So far this year, the National Urban CPI reflects a cumulative variation of 3.3%.

Guatemala: Inflation Exceeds Targets

June 2011

The Consumer Price Index has risen 6.39% in the last 12 months, above the inflation target of between 4% and 6% set by the Banguat.

The effects of international inflation are being felt in Guatemala, where prices have been showing a a clear upward trend for a few months.

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