Panama: Consumer price index (2010 = 100)

Key figures

What the numbers say

In 2025, Panama's consumer price index (2010 = 100) fell 0.24 on 2024 (from 128.38 to 128.14).

Across the 30 yearly changes before that (1995 to 2024), the average change was +1.87 and a typical year strayed about 2.07 from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 7.6 in 2008 and the biggest yearly fall was 1.89 in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about 0.93 a year. A straight line explains 77% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about 130.28 for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was 1.43, against 2.38 for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2025, Panama had the 154th highest value of the 169 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Panama in the 2025 ranking

• El Salvador — 150th of 169: 129.31
• St. Vincent and the Grenadines — 151st of 169: 128.93
• St. Lucia — 152nd of 169: 128.51
• France — 154th of 169: 127.7
• Belize — 155th of 169: 127.08
• Israel — 156th of 169: 126.13

What this measures

Index of the prices of consumption goods and services, as compared to a certain reference period (2010=100).

Limitations: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

All 66 values

Consumer price index (2010 = 100) in nearby economies

• Antigua and Barbuda — 144.19 (2025)
• Aruba — 109.53 (2019)
• Bahamas, The — 132.19 (2025)
• Barbados — 146.54 (2025)
• Belize — 127.08 (2025)
• Bolivia — 197.72 (2025)
• Brazil — 234.41 (2025)
• Chile — 185.48 (2025)
• Colombia — 206.38 (2025)
• Costa Rica — 143 (2025)
• Curaçao — 115.53 (2019)

More financial sector data for Panama

• Domestic credit to private sector by banks (% of GDP) — 66.84% (2025)
• Net domestic credit (current LCU) — 66.25 billion (2025)
• Net foreign assets (current LCU) — 8.29 billion (2025)
• Monetary sector credit to private sector (% of GDP) — 73.56% (2025)
• Inflation, consumer prices (annual % growth) — -0.19% (2025)
• Claims on central government, etc. (% of GDP) — -1.17% (2025)
• GDP deflator (base year varies by country) — 106.74 (2025)
• DEC alternative conversion factor (LCU per US$) — US$1 (2025)
• Official exchange rate (LCU per US$, period average) — US$1 (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Panama's consumer price index (2010 = 100)?

128.14 in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 398.57% from 25.7 in 1960 (2.5% a year on average, compounded). The highest value was 128.38 in 2024 and the lowest 25.7 in 1960.

How does Panama rank?

154th highest of 169 economies with data for 2025.

Source

World Bank, World Development Indicators, indicator FP.CPI.TOTL, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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