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 |
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.
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.
Latest Global Inflation News
-
Israel: Inflation decelerates in August from the prior month Latest reading: Consumer prices increased 2.9% on a year-on-year basis in August, following a 3.1% increase in the prior month.... -
Canada: Inflation picks up in August from the prior month Latest reading: Consumer prices were up 1.9% on a year-on-year basis in August, following a 1.7% increase in the prior... -
India: Inflation rises for first time in 10 months in August Latest reading: After declining for nine months, inflation rose to 2.1% in August from July’s over eight-year low of 1.6%.... -
United States: Inflation comes in at highest level since January in August Latest reading: Inflation inched up to 2.9% in August, following July’s 2.7%. August’s reading represented the highest inflation rate since... -
Argentina: Inflation drops to lowest level since July 2018 in August Latest reading: Inflation eased to 33.6% in August, below July’s 36.6%. August’s figure marked the weakest inflation rate since July... -
Angola: Inflation falls to a near two-year low in August Latest reading: Inflation came in at 18.9% in August, down from 19.5% in July, easing for the 13th consecutive month... -
Belarus: Inflation drops to lowest level since May in August Latest reading: Inflation edged down to 7.2% in August, which followed July’s 7.4%. August’s figure represented the weakest inflation rate...