PANAMA ECONOMY INSIGHT MONITOR

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Thursday, January 21, 2010

Panama inflation rate fell to 2.4% in 2009


Panama inflation rate was by only 2.4% in 2009, according to information published by the General Comptroller in its Web site. The inflation in 2009 fell from 8.7% in 2008, due to the economic downturn and lower oil prices and import prices. Even, foods and beverages prices are falling, despite the suspicion about the existence of market power in several key markets. The local web site www.panamaeconomyinsight.com.pa forecasts that the inflation will be just 2.6% in 2010, however, it would increase by 3.5% and 4.5% in 2011 and 2012 respectively, because a future increases in oil prices.

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