Inflation Panama 2020
Average inflation: -1.5%
Current Inflation
There is deflation with consumer prices declining by 1.5%.
Peak and Trough
The highest inflation was in January at 0.4%. The lowest inflation was in May at -2.5%.
- Highest month
- January: 0.4%
- Lowest month
- May: -2.5%
- Difference
- 2.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of -0.7%. The lowest price increase was in Energy with an average of -4.0%.
- Highest increase
- Food: -0.7%
- Lowest increase
- Energy: -4.0%
Historical Context
Current inflation is 1.6% lower than the 5-year average of 0.1%.
- 5-year average
- 0.1%
- 10-year average
- 1.9%
- All-time high (2008)
- 8.8%
- All-time low (2020)
- -1.5%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +1.2 percentage point.
- Change vs. previous year
- -1.2 percentage points
- Largest monthly swing
- May: -2.5 percentage points
ECB Target
Inflation is 3.5% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €98.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 0.4% | +0.7 |
| February | 0.0% | +0.5 |
| March | -0.8% | -0.6 |
| April | -2.4% | -2.3 |
| May | -2.5% | -2.5 |
| June | -1.6% | -1.1 |
| July | -2.2% | -1.9 |
| August | -2.0% | -1.4 |
| September | -1.9% | -1.3 |
| October | -1.9% | -1.2 |
| November | -2.0% | -1.7 |
| December | -1.6% | -1.5 |
| Average | -1.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.