Consumer prices in Panama fell 2.5 percent over a year earlier in May 2020, following a 2.4 percent drop in the previous month. It was the biggest decline in consumer prices since at least 2008. source: Instituto Nacional de Estadística y Censo - Panamá
Inflation Rate in Panama averaged 2.83 percent from 2008 until 2020, 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 November of 2020.
Inflation Rate in Panama is expected to be -1.30 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 -0.60 in 12 months time. In the long-term, the Panama Inflation Rate is projected to trend around -0.20 percent in 2021 and 0.80 percent in 2022, according to our econometric models.