The annual inflation rate in Panama inched up to 0.01% in December 2025 from a 0.02% in November, marking the second consecutive month of inflation. Inflation Rate in Panama averaged 2.25 percent from 2008 until 2025, 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. source: Instituto Nacional de Estadística y Censo - Panamá

Inflation Rate in Panama decreased by 0.25 percent in September from -0.36 percent in August of 2025.

Inflation Rate in Panama decreased by 0.25 percent in September from -0.36 percent in August of 2025. 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. In the long-term, the Panama Inflation Rate is projected to trend around 4.00 percent in 2027 and 3.00 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Consumer Price Index CPI 99.80 99.70 points Dec 2025
CPI Housing Utilities 99.80 99.70 points Dec 2025
CPI Transportation 98.40 98.70 points Dec 2025
Food Inflation 0.80 0.30 percent Dec 2025
Inflation Rate YoY 0.10 0.02 percent Dec 2025
Inflation Rate MoM 0.10 0.00 percent Dec 2025


Panama Inflation Rate
In Panama, the most important categories in the Consumer Price Index are: Food & Non-alcoholic Beverages (22% of the total weight) and Transport (17%). Miscellaneous Goods and Services account for 10%; Recreation & Culture for 10%; and Housing & Utilities for 9%. Others include: Clothing & Footwear (8%), Restaurants & Hotels (7%), Communications (4%), Education (2%) and Alcoholic Beverages & Tobacco (1%).
Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.02 10.04 -2.50 2008 - 2025 percent Monthly
2024=100