The Consumer Price Index (CPI) in November showed an increase of 0.1% from October 2013.
From a Report by the National Institute of Statistics and Census:
Comments on the Consumer Price Index in August 2013 National Urban Category:
The Consumer Price Index (CPI) in November, compared to October 2013, showed an increase of 0.1% in both the National Urban category and for the districts of Panama and San Miguelito, while for the Other Urban Areas it recorded a decrease of 0.1%. Compared with November 2012, an increase of 3.8% for the National Urban districts of Panama and San Miguelito and Other Urban was observed. So far this year, the National Urban CPI showed a cumulative increase of 3.5%.
The Consumer Price Index (CPI) in October compared to September 2013 showed an increase of 0.1 %.
From a report by the National Institute of Statistics and Census:
Comments on the Consumer Price Index National Urban in October 2013:
The Consumer Price Index (CPI) in October, compared to September 2013, showed an increase of 0.1 % in national urban and 0.2 % for the districts of Panama and San Miguelito, while for Other Urban Areas there was a decrease of 0.1%. Compared to October 2012, there was an increase of 3.9 % for National Urban, and for the districts of Panama and San Miguelito and the Other Urban Areas. So far this year, National Urban CPI shows a cumulative variation of 3.4 %.
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%.
The Consumer Price Index (CPI) in August compared to July, 2013, showed an increase of 0.3%.
From a Report by the National Institute of Statistics and Census:
Comments on the Consumer Price Index in August 2013 National Urban Category:
The Consumer Price Index (CPI) in August compared with July 2013, increased by 0.3% in National Urban, for the districts of Panama and San Miguelito it was 0.2% and for Other Urban Areas 0.4%.
The Consumer Price Index in May 2013 registered a monthly increase of 0.4%, while in the first five months of the year the increase was 2.3%.
From information published by the Comptroller General of the Republic of Panama:
The Consumer Price Index (CPI) in May compared to April of 2013 showed an increase of 0.4%, both in the National Urban category, and for the Other Urban category, while for the districts of Panama and San Miguelito, it was 0.3%. Compared to May 2012, there was an increase of 3.7% in both the National Urban, and the districts of Panama and San Miguelito and Other Urban areas. So far this year, the National Urban CPI reflected a cumulative variation of 2.3%.
The Consumer Price Index (CPI) for April 2013 compared to the previous month recorded an increase of 0.3%
From information published by the Comptroller General of the Republic of Panama:
The Consumer Price Index (CPI) in April compared to March 2013 recorded an increase of 0.3%, both in the National Urban category, and the Other Urban category, while for the districts of Panama and San Miguelito, it was 0.4%.
In March, inflation rose 5.5% more than in the same month in 2010.
The Consumer Price Index (CPI) in Panama has not stopped rising. In March all sectors in the index showed significant increases, the transport sector for example saw price rises of more than 9%.
Other sectors also experienced major increments, such as tourism, which grew12% and food and beverages, where prices rose more than 5.5%.
In April, the Consumer Price Index grew by 0.4% when compared to March and 3.7% higher than the same month in 2008.
According to the Comptroller General, whose statements Marianela Palacios reported in her article in Prensa.com: "The annualized variation is identical to what was recorded in March 2009. It was expected that inflation would slow down, but the increase rate maintained steady.
The rate was double the one for 2007 (4.2%), the Office of the Comptroller General of the Republic report.
Prensa.com reports: "We have lived a historic year for inflation, which was at 10% in September and that is something that we Panamanians are not used to. But thanks to the fall in oil prices, in November and December we had to month of consecutive deflation and that allowed for the index to close at 8.7%," explained Ernesto Bazan."
The Consumer Price Index (IPC), published yesterday by the Office of the Comptroller, revealed an increase of 10% in September.
This increase is mainly due to the increase in food and transportation, which, between September 2007 and September 2008, went up to 15.4% and 12.4% respectively.
The monthly variation in prices in September was one of the highest in 2008: 0.7%
"In any case, 7.5% is still a favorable growth level and will continue to be one of the region's highest."
That was the comment by financial expert, Domingo Latorraca, a partner at Deloitte, during the company's latest Think Tank.
Panama's GDP grew last year by 11.2%, the highest rate in Latin America and one of the best in the world. However, there has been a slowdown and during the first trimester of 2008 there an expansion of 8.4% was recorded.
The consumer price index has risen 9.6% in the last 12 months, the Comptroller General of the Republic reported.
Inflation levels as high as those, close to double digits, have not been recorded in this country for at least 27 years, according to official records.
The rise in the last 12 months was due mainly to the increase in transportation and fuel prices (16.3%), and in the price of food and drinks (15.3%).
Although the Citibank analyists are very optimistic about the future of the country, they worry about the rising inflation that appears to be escalating.
I take issue with several assumption they make. The two big mega projects are what make things so rosy in their eyes. Of course they are counting their chickens before the hatch when it comes to the refinery and they are buying into the continued growth of the worlds economy driving the canal expansion as the other assumption.