Consumer Prices for Panama
PANPCPIEPCH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
1165.82%
Date Range
1/1/1980 - 1/1/2030
Summary
The Consumer Prices for Panama index measures the changes in the prices paid by consumers for a basket of goods and services in Panama. This economic indicator is crucial for assessing inflation and the purchasing power of Panamanian consumers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Consumer Prices for Panama index is a widely followed economic indicator that tracks the changes in the cost of living for Panamanian households. It is used by policymakers, economists, and analysts to monitor inflationary pressures and make informed decisions regarding monetary and fiscal policies.
Methodology
The data is collected by the National Institute of Statistics and Census of Panama through surveys of consumer expenditures.
Historical Context
The Consumer Prices for Panama index is a key input for the Central Bank of Panama's monetary policy decisions and is closely watched by international investors and financial institutions.
Key Facts
- The base year for the Consumer Prices for Panama index is 2013.
- Panama uses the U.S. dollar as its official currency, which can affect its inflationary dynamics.
- The index covers a wide range of consumer goods and services, including food, housing, transportation, and healthcare.
FAQs
Q: What does this economic trend measure?
A: The Consumer Prices for Panama index measures the changes in the prices paid by Panamanian consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for assessing the cost of living and inflationary pressures in Panama, which is important for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the National Institute of Statistics and Census of Panama through surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Consumer Prices for Panama index is a key input for the Central Bank of Panama's monetary policy decisions and is closely watched by international investors and financial institutions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Prices for Panama (PANPCPIEPCH), retrieved from FRED.