Panama inflation rate on downward curve
PANAMA’S Inflation rate which, seven years ago stood at 8.7% and four years ago at 5.9%,continues to fall and is predicted to be no higher than 3% in 201
According to official statistics, the Consumer Price Index (CPI from January to November increased by virtually zero percentage points There was even months July, October and November, that showed comparative declines from the previous month.
This same behavior is reflected in the percentage changes until November 2014, reaching values of growth values between 0.2% and 2.3%.
In November, after the change of the CPI base yearrates of 0.3% and 1.0% for the districts of Panama and San Miguelito were reported.
The sector that showed the greatest decline was transportation (1.9%) due to lower fuel prices; as well as communications and recreation and culture (0.3% each) including price reductions of mobile handsets and board games, according to the latest report from the National Institute of Statistics and Census of the Comptroller Genera.l
Economist Philip Chapman, Chapman said that moderate growth is healthy currently for the Panamanian economy. allowing no overheating or excessive pressure on the prices of goods and services reports La Prensa.
Falling fuel prices. will also have a positive influence, gradually decreasing, the cost of transportation of both people and goods, which tremendously affects inflation.
Looking to 2015, the analyst believes that the national economy should maintain a similar or perhaps greater than 2014 growth. According to the Ministry of Finance it will be 6.3%.
This will cause the upward trend in prices to be moderate or low, Chapman said.
Indesa expects inflation in 2014 to be at 2.7%, while for 2015 it estimated to be 2.2%
Recently, the Ministry of Economy and Finance (MEF) revised down its forecast for inflation in 2014, from 4% to 3%.
The reason for the correction is the significant reduction of food costs since July, after application of emergency price controls on 22 products of the basic family basket.
The Ministry of Commerce and Industry, which championed the initiative, said that they have not detected any shortage of products that fall under the umbrella of price controls.
This week the President’s Office reported that price controls yielded a cumulative savings of $63.11 in the monthly cost of the basic family food basket between July and November compared with the same period last year.Panama inflation rate still falling
PANAMA’S Inflation rate which, seven years ago stood at 8.7% and four years ago at 5.9%,continues to fall and is predicted to be no higher than 3% in 201
According to official statistics, the Consumer Price Index (CPI from January to November increased by virtually zero percentage points There was even months July, October and November, that showed comparative declines from the previous month.
This same behavior is reflected in the percentage changes until November 2014, reaching values of growth values between 0.2% and 2.3%.
In November, after the change of the CPI base yearrates of 0.3% and 1.0% for the districts of Panama and San Miguelito were reported.
The sector that showed the greatest decline was transportation (1.9%) due to lower fuel prices; as well as communications and recreation and culture (0.3% each) including price reductions of mobile handsets and board games, according to the latest report from the National Institute of Statistics and Census of the Comptroller Genera.l
Economist Philip Chapman, Chapman said that moderate growth is healthy currently for the Panamanian economy. allowing no overheating or excessive pressure on the prices of goods and services reports La Prensa.
Falling fuel prices. will also have a positive influence, gradually decreasing, the cost of transportation of both people and goods, which tremendously affects inflation.
Looking to 2015, the analyst believes that the national economy should maintain a similar or perhaps greater than 2014 growth. According to the Ministry of Finance it will be 6.3%.
This will cause the upward trend in prices to be moderate or low, Chapman said.
Indesa expects inflation in 2014 to be at 2.7%, while for 2015 it estimated to be 2.2%
Recently, the Ministry of Economy and Finance (MEF) revised down its forecast for inflation in 2014, from 4% to 3%.
The reason for the correction is the significant reduction of food costs since July, after application of emergency price controls on 22 products of the basic family basket.
The Ministry of Commerce and Industry, which championed the initiative, said that they have not detected any shortage of products that fall under the umbrella of price controls.
This week the President’s Office reported that price controls yielded a cumulative savings of $63.11 in the monthly cost of the basic family food basket between July and November compared with the same period last year.