Panama Real Estate Blog

                                                                             Panama’s Inflation Rate Continues to Drop

The official inflation rate has steadily declined since reaching a high point in September of 2008. From a high of 10% in September, the rate has dropped to a reported 3,7% at the end of March 2009. Exceptions to the decreasing inflation rate are those of the food and beverage sector, which still maintains an accumulated increase of 10% over the preceding 12 months. A former Dean of the Economics department at the University of Panama, Rolando Gordon expects the inflation rate to continue to decline, and estimates a historic low of 1,5% by the end of 2009, also stating that food prices will only reflect a price drop after the impact of the drop in the oil price realizes upon current crop cycles.

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