Inflation Panama 2004
Average inflation: 0.5%
Current Inflation
Inflation is very low at 0.5%, well below the ECB target.
Peak and Trough
The highest inflation was in December at 1.6%. The lowest inflation was in March at -0.3%.
- Highest month
- December: 1.6%
- Lowest month
- March: -0.3%
- Difference
- 1.9 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is around the 5-year average of 0.1%. This approaches the highest level since records began (0.5% in 2004).
- 5-year average
- 0.1%
- 10-year average
- 0.1%
- All-time high (2004)
- 0.5%
- All-time low (2003)
- -0.2%
Trend
Inflation shows an upward trend. Compared to 2003, inflation has risen by +0.7 percentage point.
- Change vs. previous year
- +0.7 percentage points
- Largest monthly swing
- December: +1.8 percentage points
ECB Target
Inflation is 1.5% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 0.0% | - |
| February | 0.0% | - |
| March | -0.3% | - |
| April | -0.3% | - |
| May | 0.2% | - |
| June | 0.5% | - |
| July | 0.5% | - |
| August | 0.7% | - |
| September | 0.7% | - |
| October | 1.1% | +1.3 |
| November | 1.0% | +1.2 |
| December | 1.6% | +1.8 |
| Average | 0.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.