Consumer prices in Panama fell 0.1 percent year-on-year in April 2019, following a 0.2 percent decline in the previous month. Cost of food & beverages rose further (0.5 percent compared to 0.2 percent), mainly due to vegetables (1.6 percent), meat (1.2 percent) and bread (0.4 percent). Additionally, prices of transport fell less (-0.9 percent compared to -1.1 percent). On the other hand, prices declined at a faster pace for housing & utilities (-0.3 percent compared to -0.2 percent) and continued to fall for clothing & footwear (-1.5 percent, the same as in March); recreation & culture (-0.6 percent); and communications (-0.9 percent). On a monthly basis, consumer prices went up 0.3 percent, easing from a 0.4 percent gain in the prior month. Inflation Rate in Panama averaged 3.17 percent from 2008 until 2019, reaching an all time high of 10.04 percent in September of 2008 and a record low of -0.50 percent in February of 2019.

Inflation Rate in Panama is expected to be 0.50 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 1.80 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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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-15 04:30 PM Inflation Rate YoY -0.3% 0.2% 0.5%
2019-03-15 09:15 PM Inflation Rate YoY -0.5% -0.3% 0.2%
2019-04-15 11:30 PM Inflation Rate YoY -0.2% -0.5% -0.3%
2019-05-15 02:30 PM Inflation Rate YoY -0.1% -0.2% -0.1%
2019-06-14 03:00 PM Inflation Rate YoY -0.1% 0.3%
2019-07-15 03:00 PM Inflation Rate YoY 0.5%
2019-08-14 03:00 PM Inflation Rate YoY 0.7%


Panama Prices Last Previous Highest Lowest Unit
Inflation Rate -0.10 -0.20 10.04 -0.50 percent [+]
Inflation Rate Mom 0.30 0.40 0.90 -0.90 percent [+]
Food Inflation 0.50 0.20 15.60 -1.70 percent [+]
Consumer Price Index Cpi 105.20 104.91 105.57 101.42 Index Points [+]
Cpi Housing Utilities 101.28 101.36 107.31 98.20 Index Points [+]
CPI Transportation 105.72 103.98 108.30 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 -0.20 10.04 -0.50 2008 - 2019 percent Monthly
2013=100




Country Last Previous
Argentina 55.80 Apr/19
Australia 1.30 Mar/19
Brazil 4.94 Apr/19
Canada 2.00 Apr/19
China 2.50 Apr/19
Euro Area 1.70 Apr/19
France 1.30 Apr/19
Germany 2.00 Apr/19
India 2.92 Apr/19
Indonesia 2.83 Apr/19
Italy 1.10 Apr/19
Japan 0.50 Mar/19
Mexico 4.41 Apr/19
Netherlands 2.90 Apr/19
Russia 5.20 Apr/19
Saudi Arabia -2.10 Mar/19
Singapore 0.60 Mar/19
South Africa 4.50 Mar/19
South Korea 0.60 Apr/19
Spain 1.50 Apr/19
Switzerland 0.70 Apr/19
Turkey 19.50 Apr/19
United Kingdom 1.90 Mar/19
United States 2.00 Apr/19


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