Inflation Panama 2025

Average inflation: -0.2%

Inflation in 2025

There is deflation with consumer prices declining by 0.2%.

Peak and Trough

The highest inflation was in February at -0.1%. The lowest inflation was in March at -0.4%.

Highest month
February: -0.1%
Lowest month
March: -0.4%
Difference
0.3 percentage points
Months with data
3 of 12

Category Insights

The highest price increase was in Food with an average of 1.9%. The lowest price increase was in Energy with an average of -1.2%.

Highest increase
Food: 1.9%
Lowest increase
Energy: -1.2%

Historical Context

Inflation is 1.5 percentage points lower than the 5-year average of 1.3%.

5-year average
1.3%
10-year average
0.7%
All-time high (2008)
8.8%
All-time low (2020)
-1.5%

Trend

Over the period 2023-2025, inflation shows a downward trend. Compared to 2024, inflation has fallen by 0.9 percentage points.

Change vs. previous year
-0.9 percentage points
Largest monthly swing
March: -2.1 percentage points

ECB Target

Inflation is 2.2 percentage points 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 PAB 100 this year will cost approximately PAB 99.80 next year at this inflation rate.

Multi-year trend

Monthly figures 2025

Month overview

Month Inflation Difference vs. 2024
January -0.2% -1.4
February -0.1% -1.6
March -0.4% -2.1
Average -0.2%

Data source

Data from WorldBank. Last updated: 06/01/2026. Not all months available yet.

See also