Inflation Rate in Panama increased to 2.40 percent in July from 1.58 percent in June of 2021. source: Instituto Nacional de Estadística y Censo - Panamá

Inflation Rate in Panama averaged 2.54 percent from 2008 until 2021, reaching an all time high of 10.04 percent in September of 2008 and a record low of -2.50 percent in May of 2020. This page provides - Panama Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Inflation Rate in Panama is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Inflation Rate is projected to trend around 1.50 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Panama Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.40 1.58 10.04 -2.50 2008 - 2021 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-12-13 10:00 PM Nov -0.3% -0.7% -0.5%
2020-01-15 10:00 PM Dec -0.1% -0.3% -0.4%
2020-02-14 11:00 PM Jan 0.4% -0.1% -0.2%
2020-03-13 09:15 PM Feb 0.0% 0.4% 0.3%

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.