Inflation Panama 2021
Average inflation: 1.6%
Current Inflation
Inflation is low at 1.6%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in November at 3.4%. The lowest inflation was in January at -1.4%.
- Highest month
- November: 3.4%
- Lowest month
- January: -1.4%
- Difference
- 4.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 1.6%. The lowest price increase was in Energy with an average of -3.5%.
- Highest increase
- Food: 1.6%
- Lowest increase
- Energy: -3.5%
Historical Context
Current inflation is 1.3% higher than the 5-year average of 0.3%.
- 5-year average
- 0.3%
- 10-year average
- 1.5%
- All-time high (2008)
- 8.8%
- All-time low (2020)
- -1.5%
Trend
Inflation shows an upward trend. Compared to 2020, inflation has risen by +3.1 percentage point.
- Change vs. previous year
- +3.1 percentage points
- Largest monthly swing
- November: +5.4 percentage points
ECB Target
Inflation is 0.4% 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 €101.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | -1.4% | -1.8 |
| February | -0.6% | -0.6 |
| March | 0.3% | +1.1 |
| April | 1.7% | +4.1 |
| May | 1.9% | +4.4 |
| June | 1.6% | +3.2 |
| July | 2.4% | +4.6 |
| August | 2.4% | +4.4 |
| September | 2.5% | +4.4 |
| October | 2.9% | +4.8 |
| November | 3.4% | +5.4 |
| December | 2.6% | +4.2 |
| Average | 1.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.