Argentina:
Inflation came in at 124.4% in August, up from July’s 113.4%. August’s figure represented the highest inflation rate since our...
Inflation in Panama
Consumer price inflation in Panama averaged 1.2% in the ten years up to 2022, below the Central America and Caribbean regional average of 3.4%. The 2022 average figure was 2.9%. 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 2023.
Source: Macrobond.
Panama Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | -0.4 | -1.6 | 1.6 | 2.9 | 1.5 |
| Inflation (CPI, ann. var. %, eop) | -0.1 | -1.6 | 2.6 | 2.1 | 1.9 |
| Inflation (PPI, ann. var. %, aop) | -1.1 | -0.3 | 2.3 | 3.2 | 1.8 |
Inflation falls to lowest level since July 2023 in June
Inflation fell to 0.9% in June, which was down from May’s 1.3%. June's figure represented the weakest inflation rate in nearly a year. Looking at the details of the release, prices for clothing and footwear decreased at a sharper rate, and prices for transport grew at a more subdued pace. These factors outweighed an uptick in food price pressures. Nevertheless, annual average inflation rose to 1.6% in June (May: 1.5%). Finally, consumer prices fell 0.31% in June over the previous month, which was below the 0.17% drop seen in May. June's result marked the weakest reading since August 2022.
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 18 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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