Latest reading: Inflation ticked up to 2.4% in July, following June’s 2.3%. Looking at the details of the release, prices...
Inflation in Panama
Consumer price inflation in Panama averaged 0.9% in the ten years to 2024, in line with the Central America and Caribbean regional average of 3.2%. The 2024 average figure was 0.7%. For more information on inflation, 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 smallest fall since February in July
Latest reading: Consumer prices fell 0.4% on an annual basis in July, unchanged from June’s result and marking the joint-smallest drop in consumer prices since February. Prices for housing and utilities plus transport fell at a softer rate compared to June, while price growth for food was the lowest so far this year. The annual average variation of consumer prices ticked down to minus 0.3% in July (June: -0.2%). Finally, consumer prices fell 0.07% over the previous month in July, mirroring June's reading. July's figure was the joint-highest reading since March.
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 13 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.
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