Consumer prices in Panama dropped 0.6 percent year-on-year in August 2019, after falling 0.3 percent in the previous month. It was the sharpest deflation since the beginning of the current series in 2008, as prices declined for: transport (-3.5 percent vs -2.3percent in July); housing & utilities (-0.4 percent vs -0.2 percent), and recreation & culture (-0.7 percent vs -0.6 percent). In contrast, inflation for food & beverages stayed at 0.8 percent, despite a 0.5 percent fall in prices of fish and a 0.5 percent drop in prices of beverages. Also, inflation for restaurants & hotels remained steady at 1.2 percent. On a monthly basis, consumer prices went down 0.3 percent, following a 0.2 percent increase in the prior month. Inflation Rate in Panama averaged 3.07 percent from 2008 until 2019, reaching an all time high of 10.04 percent in September of 2008 and a record low of -0.60 percent in August of 2019.

Inflation Rate in Panama is expected to be 0.20 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 1.50 in 12 months time. In the long-term, the Panama Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.

Panama Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-14 09:00 PM Inflation Rate YoY May 0.0% -0.1% 0.3%
2019-07-15 10:45 PM Inflation Rate YoY Jun -0.5% 0.0% 0.5%
2019-08-14 08:40 PM Inflation Rate YoY Jul -0.3% -0.5% -0.1%
2019-09-13 10:00 PM Inflation Rate YoY Aug -0.6% -0.3% -0.1%
2019-10-14 03:00 PM Inflation Rate YoY Sep -0.6% 0.2%
2019-11-15 02:00 PM Inflation Rate YoY Oct 0.5%
2019-12-13 02:00 PM Inflation Rate YoY Nov 0.7%


Panama Prices Last Previous Highest Lowest Unit
Inflation Rate -0.60 -0.30 10.04 -0.60 percent [+]
Inflation Rate Mom 0.20 -0.30 0.90 -0.90 percent [+]
Food Inflation 0.80 0.80 15.60 -1.70 percent [+]
Consumer Price Index Cpi 105.18 104.90 105.57 101.42 Index Points [+]
Cpi Housing Utilities 102.01 101.11 107.31 98.20 Index Points [+]
CPI Transportation 105.02 104.49 108.30 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.60 -0.30 10.04 -0.60 2008 - 2019 percent Monthly
2013=100




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 3.43 Aug/19
Canada 2.00 Jul/19
China 2.80 Aug/19
Euro Area 1.00 Aug/19
France 1.00 Aug/19
Germany 1.40 Aug/19
India 3.21 Aug/19
Indonesia 3.49 Aug/19
Italy 0.50 Aug/19
Japan 0.50 Jul/19
Mexico 3.16 Aug/19
Netherlands 2.80 Aug/19
Russia 4.30 Aug/19
Saudi Arabia -1.30 Jul/19
Singapore 0.40 Jul/19
South Africa 4.00 Jul/19
South Korea 0.00 Aug/19
Spain 0.30 Aug/19
Switzerland 0.30 Aug/19
Turkey 15.01 Aug/19
United Kingdom 2.10 Jul/19
United States 1.70 Aug/19


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