The annual inflation rate in Panama declined to 0.2 percent in December of 2018 from 0.8 percent in the previous month. It was the lowest inflation rate since July of 2016, as prices fell for several categories: transport (-1.6 percent vs +1.8 percent in November), communications (-1.2 percent vs -1.4 percent), clothing (-1.3 percent vs -1.2 percent), and recreation & culture (-0.3 percent vs -0.4 percent). Meantime, inflation for housing & utilities declined to 0.3 percent from 0.5 percent. In contrast, prices for food & beverages rose 0.7 percent after climbing 0.6 percent in November. In contrast, prices advanced at a faster pace for food & beverages (0.6 percent vs 0.4 percent). On a monthly basis, consumer prices fell 0.4 percent for the second month. Inflation Rate in Panama averaged 3.27 percent from 2008 until 2018, reaching an all time high of 10.04 percent in September of 2008 and a record low of -0.40 percent in February of 2015.

Inflation Rate in Panama is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Panama to stand at 1.70 in 12 months time. In the long-term, the Panama Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

Panama Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-16 02:00 PM Inflation Rate YoY 0.8% 1.1% 1.4%
2018-11-16 11:00 PM Inflation Rate YoY 1.0% 0.8% 1.2%
2018-12-19 11:00 PM Inflation Rate YoY 0.8% 1.0% 1.4%
2019-01-15 10:20 PM Inflation Rate YoY 0.2% 0.8% 1.0%
2019-02-15 02:15 PM Inflation Rate YoY 0.2%
2019-03-14 10:15 PM Inflation Rate YoY
2019-04-12 03:55 PM Inflation Rate YoY 1.1%


Panama Prices Last Previous Highest Lowest Unit
Inflation Rate 0.20 0.80 10.04 -0.40 percent [+]
Inflation Rate Mom -0.40 -0.40 0.90 -0.90 percent [+]
Food Inflation 0.70 0.60 15.60 -1.70 percent [+]
Consumer Price Index Cpi 104.67 105.11 105.57 101.42 Index Points [+]
Cpi Housing Utilities 101.89 102.07 107.31 98.20 Index Points [+]
CPI Transportation 102.34 105.29 108.30 96.00 Index Points [+]


Panama Inflation Rate

In Panama, the most important categories in the consumer price index are Food and Non-Alcoholic Beverages (22.4 percent of total weight) and Transport (16.8 percent). Miscellaneous Goods and Services account for 9.8 percent; Recreation and Culture for 9.7 percent; Housing and Utilities for 8.5 percent and Furniture, Household Goods and Maintenance for 7.8 percent. Clothing and Footwear; Restaurants and Hotels; Communication; Health; Education and Alcoholic beverages and Tobacco account for the remaining 25 percent of total weight. This page provides - Panama Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Inflation Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.80 10.04 -0.40 2008 - 2018 percent Monthly
2013=100




Country Last Previous
Argentina 47.10 Dec/18
Australia 1.90 Sep/18
Brazil 3.75 Dec/18
Canada 2.00 Dec/18
China 1.90 Dec/18
Euro Area 1.60 Dec/18
France 1.60 Dec/18
Germany 1.70 Dec/18
India 2.19 Dec/18
Indonesia 3.13 Dec/18
Italy 1.10 Dec/18
Japan 0.30 Dec/18
Mexico 4.83 Dec/18
Netherlands 2.00 Dec/18
Russia 4.30 Dec/18
Saudi Arabia 2.20 Dec/18
Singapore 0.50 Dec/18
South Africa 4.50 Dec/18
South Korea 1.30 Dec/18
Spain 1.20 Dec/18
Switzerland 0.70 Dec/18
Turkey 20.30 Dec/18
United Kingdom 2.10 Dec/18
United States 1.90 Dec/18


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