Panama Inflation Rate 1960-2024
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
- Panama inflation rate for 2023 was 1.49%, a 1.37% decline from 2022.
- Panama inflation rate for 2022 was 2.86%, a 1.23% increase from 2021.
- Panama inflation rate for 2021 was 1.63%, a 3.18% increase from 2020.
- Panama inflation rate for 2020 was -1.55%, a 1.2% decline from 2019.
| Panama Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
1.49% |
-1.37% |
| 2022 |
2.86% |
1.23% |
| 2021 |
1.63% |
3.18% |
| 2020 |
-1.55% |
-1.20% |
| 2019 |
-0.36% |
-1.12% |
| 2018 |
0.76% |
-0.11% |
| 2017 |
0.88% |
0.14% |
| 2016 |
0.74% |
0.60% |
| 2015 |
0.14% |
-2.49% |
| 2014 |
2.63% |
-1.40% |
| 2013 |
4.03% |
-1.67% |
| 2012 |
5.70% |
-0.18% |
| 2011 |
5.88% |
2.38% |
| 2010 |
3.49% |
1.08% |
| 2009 |
2.41% |
-6.35% |
| 2008 |
8.76% |
4.59% |
| 2007 |
4.17% |
1.71% |
| 2006 |
2.46% |
-0.40% |
| 2005 |
2.86% |
2.38% |
| 2004 |
0.47% |
0.08% |
| 2003 |
0.39% |
-0.61% |
| 2002 |
1.01% |
0.70% |
| 2001 |
0.31% |
-1.19% |
| 2000 |
1.50% |
0.25% |
| 1999 |
1.25% |
0.69% |
| 1998 |
0.56% |
-0.77% |
| 1997 |
1.32% |
0.07% |
| 1996 |
1.26% |
0.26% |
| 1995 |
0.99% |
-0.27% |
| 1994 |
1.27% |
0.81% |
| 1993 |
0.45% |
-1.37% |
| 1992 |
1.82% |
0.57% |
| 1991 |
1.26% |
0.49% |
| 1990 |
0.77% |
0.56% |
| 1989 |
0.21% |
-0.15% |
| 1988 |
0.36% |
-0.64% |
| 1987 |
1.00% |
1.06% |
| 1986 |
-0.07% |
-1.09% |
| 1985 |
1.03% |
-0.56% |
| 1984 |
1.58% |
-0.52% |
| 1983 |
2.10% |
-2.15% |
| 1982 |
4.25% |
-3.05% |
| 1981 |
7.30% |
-6.51% |
| 1980 |
13.81% |
5.82% |
| 1979 |
7.99% |
3.79% |
| 1978 |
4.20% |
-0.39% |
| 1977 |
4.59% |
0.64% |
| 1976 |
3.95% |
-1.93% |
| 1975 |
5.88% |
-10.39% |
| 1974 |
16.27% |
9.41% |
| 1973 |
6.86% |
1.45% |
| 1972 |
5.41% |
3.49% |
| 1971 |
1.92% |
-1.16% |
| 1970 |
3.08% |
1.26% |
| 1969 |
1.83% |
0.21% |
| 1968 |
1.62% |
0.24% |
| 1967 |
1.38% |
1.18% |
| 1966 |
0.19% |
-0.27% |
| 1965 |
0.46% |
-1.95% |
| 1964 |
2.41% |
1.96% |
| 1963 |
0.45% |
-0.34% |
| 1962 |
0.79% |
0.17% |
| 1961 |
0.61% |
0.56% |
| 1960 |
0.05% |
0.56% |
