Inflation Panama 2022
Average inflation: 2.9%
Current Inflation
Inflation is normal at 2.9%, around the ECB target.
Peak and Trough
The highest inflation was in June at 5.2%. The lowest inflation was in November at 1.5%.
- Highest month
- June: 5.2%
- Lowest month
- November: 1.5%
- Difference
- 3.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 3.9%. The lowest price increase was in Energy with an average of 1.8%.
- Highest increase
- Food: 3.9%
- Lowest increase
- Energy: 1.8%
Historical Context
Current inflation is 2.2% higher than the 5-year average of 0.7%.
- 5-year average
- 0.7%
- 10-year average
- 1.2%
- All-time high (2008)
- 8.8%
- All-time low (2020)
- -1.5%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +1.3 percentage point.
- Change vs. previous year
- +1.3 percentage points
- Largest monthly swing
- January: +4.0 percentage points
ECB Target
Inflation is 0.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 2.6% | +4.0 |
| February | 2.7% | +3.3 |
| March | 3.2% | +2.9 |
| April | 3.7% | +2.0 |
| May | 4.2% | +2.3 |
| June | 5.2% | +3.6 |
| July | 3.5% | +1.1 |
| August | 2.1% | -0.3 |
| September | 1.9% | -0.6 |
| October | 1.7% | -1.2 |
| November | 1.5% | -1.9 |
| December | 2.1% | -0.5 |
| Average | 2.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.