Cost of food in Panama decreased 0.40 percent in December of 2019 over the same month in the previous year. Food Inflation in Panama averaged 4.44 percent from 2007 until 2019, reaching an all time high of 15.60 percent in October of 2008 and a record low of -1.70 percent in February of 2018.
Food Inflation in Panama is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Panama to stand at 0.70 in 12 months time. In the long-term, the Panama Food Inflation is projected to trend around 1.50 percent in 2020, according to our econometric models.