Latest reading: Inflation eased to 1.5% in May, below April’s 2.0%. May’s figure marked the weakest inflation rate since March...
Inflation in Panama
In the year 2024, the inflation in Panama was 0.69%, compared to 2.63% in 2014 and 1.49% in 2023. It averaged 0.90% over the last decade. For more inflation information, visit our dedicated page.
Panama Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Panama from 2014 to 2024.
Source: Macrobond.
Panama Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | -1.6 | 1.6 | 2.9 | 1.5 | 0.7 |
| Inflation (CPI, ann. var. %, eop) | -1.6 | 2.6 | 2.1 | 1.9 | -0.2 |
| Inflation (PPI, ann. var. %, aop) | -0.3 | 2.3 | 3.2 | 1.8 | 0.1 |
Consumer prices record greatest fall since January 2021 in April
Latest reading: Consumer prices decreased 0.7% in annual terms in April, which followed March’s 0.4% year-on-year decrease. April's result marked the largest fall in consumer prices since January 2021. The figure was largely driven by a softer rise in prices for food and non-alcoholic beverages. In addition, price pressures for transport plus housing and energy fell at a faster rate. Accordingly, the trend pointed down slightly, with annual average inflation coming in at 0.1% in April (March: 0.3%). Finally, consumer prices dropped 0.15% over the previous month in April, swinging from the 0.08% increase seen in March. April's result marked the weakest reading since October 2024.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Panamanian inflation projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Panamanian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Panamanian inflation projections.
Want to get access to the full dataset of Panamanian inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Thailand: Consumer prices drop further in May Latest reading: Consumer prices decreased 0.6% year on year in May, following April’s 0.2% fall. May’s reading represented the largest... -
Dominican Republic: Inflation increases to over one-year high in May Latest reading: Inflation rose to 3.8% in May from April’s 3.7%. May’s figure represented the highest inflation rate since November... -
Philippines: Inflation inches down in May Latest reading: Inflation came in at 1.3% in May, which was down from April’s 1.4%. May’s result represented the weakest...