Consumer prices in Panama remained unchanged on an annual basis in February 2020, falling from a 0.4 percent increase in January. The decrease was mainly explained by a 1 percent drop in prices following a 0.5 percent fall in the previous month, as poultry prices declined 7.5 percent and cereals 3.9 percent. Also, inflation for liquor & tobacco dropped to 0.9 percent from 1.2 percent, while clothing prices fell 0.5 percent. Transport prices also slowed down significantly (0.7 percent vs 2.6 percent). On a monthly basis, consumer prices declined 0.3 percent, after edging up 0.1 percent in the prior month.
Inflation Rate in Panama averaged 2.93 percent from 2008 until 2020, reaching an all time high of 10.04 percent in September of 2008 and a record low of -0.70 percent in October of 2019. 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 May of 2020. source: Instituto Nacional de Estadística y Censo - Panamá
Inflation Rate in Panama is expected to be -0.30 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 0.50 in 12 months time. In the long-term, the Panama Inflation Rate is projected to trend around 1.10 percent in 2021 and 1.30 percent in 2022, according to our econometric models.