Latest reading: Consumer prices increased 7.1% in annual terms in September, following a 7.2% increase in the prior month. Relative...
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 2025 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 |
Inflation is unchanged in August from July
Latest reading: Consumer prices fell 0.4% on a year-on-year basis in August, stable from the previous month's reading. Relative to July’s data, price pressures were higher for food and non-alcoholic beverages in August (+0.5% vs +0.2% in July). In contrast, there were reduced price pressures for housing and energy (-0.8% vs -0.6% in July) and transport (-1.9% vs -1.5% in July). Finally, the change in clothing and footwear prices was the same as in the prior month (-1.3% in August and July). Finally, consumer prices declined 0.22% in August on a month-on-month basis, following a 0.07% fall in the previous month.
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 14 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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