Panama inflation rate for 2024 was 0.69%, a 0.8% decline from 2023.
Panama inflation rate for 2023 was 1.49%, a 1.37% decline from 2022.
Panama inflation rate for 2022 was 2.86%, a 1.23% increase from 2021.
Panama inflation rate for 2021 was 1.63%, a 3.18% increase from 2020.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.