Inflation Panama 2008
Average inflation: 8.8%
Current Inflation
Inflation is very high at 8.8%, far above the ECB target.
Peak and Trough
The highest inflation was in September at 10.0%. The lowest inflation was in December at 6.8%.
- Highest month
- September: 10.0%
- Lowest month
- December: 6.8%
- Difference
- 3.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 6.3%. The lowest price increase was in Energy with an average of 6.3%.
- Highest increase
- Energy: 6.3%
- Lowest increase
- Energy: 6.3%
Historical Context
Current inflation is 5.0% higher than the 5-year average of 3.8%. This approaches the highest level since records began (8.8% in 2008).
- 5-year average
- 3.8%
- 10-year average
- 3.1%
- All-time high (2008)
- 8.8%
- All-time low (2003)
- -0.2%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +4.6 percentage point.
- Change vs. previous year
- +4.6 percentage points
- Largest monthly swing
- June: +5.9 percentage points
ECB Target
Inflation is 6.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €108.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 7.6% | +5.3 |
| February | 8.4% | +5.6 |
| March | 8.8% | +5.6 |
| April | 8.5% | +5.8 |
| May | 8.8% | +5.4 |
| June | 9.6% | +5.9 |
| July | 9.6% | +5.5 |
| August | 9.8% | +5.6 |
| September | 10.0% | +4.8 |
| October | 9.5% | +4.0 |
| November | 7.7% | +1.2 |
| December | 6.8% | +0.4 |
| Average | 8.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.