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.