Latest reading: Consumer prices were up 31.4% in annual terms in November, following a 31.3% increase in the prior month....
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 2025.
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 edge down on a monthly basis in October
Latest reading: Consumer prices fell 0.02% on a month-on-month basis in October, following September’s 0.04% fall. The National Institute of Statistics and Census of Panama rebased its consumer price index in October. The index now features 2024 as the base year, a new basket of goods and services, and new weights and broader coverage. Because this new index is not comparable with the old one, and previous historical data has not been updated under the new methodology yet, year-on-year inflation data will be temporarily unavailable.
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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Argentina: Inflation accelerates in November from October -
Mexico: Inflation rises in November from October Latest reading: Consumer prices rose 3.8% in annual terms in November, following a 3.6% increase in the prior month. The... -
Norway: Inflation eases in November from the prior month Latest reading: Consumer prices were up 3.0% on a year-on-year basis in November, following a 3.1% rise in the previous... -
China: Inflation accelerates in November from the prior month Latest reading: Consumer prices were up 0.7% in annual terms in November, following a 0.2% increase in the prior month.... -
Hungary: Inflation falls within the target range in November Latest reading: Consumer prices rose 3.8% in annual terms in November, following a 4.3% rise in the previous month. November’s... -
Philippines: Inflation ebbs in November from October Latest reading: Consumer prices were up 1.5% in annual terms in November, following a 1.7% increase in the previous month.... -
Taiwan: Inflation decelerates in November from the prior month Latest reading: Consumer prices were up 1.2% in annual terms in November, following a 1.5% increase in the prior month....