Makrognosis

Panama Inflation Rate (CPI)

MonthlyNot seasonally adjustedCode PA.CPI.M.NSA

Latest (y/y)2.8%September 2026
Previous (y/y)2.2%August 2026
Level102.5September 2026

Panama Inflation Rate (CPI) was up 2.8% year on year in September 2026, compared with 2.2% in August 2026.

The level stood at 102.5 (index 2024=100).

That is the highest reading since the series began in January 2024.

Among the 80 economies Makrognosis covers on this measure, it is the 21st lowest.

Over the past available history it has ranged from −0.7% (Apr 2025) to 2.8% (Sep 2026), averaging 0.6%.

Panama Inflation Rate (CPI), annual % change, Jan 2025 – Sep 2026−1%0%1%2%3%20252026Robomacro
Panama Inflation Rate (CPI), annual % change, Jan 2025 – Sep 2026. Source: Instituto Nacional de Estadística y Censo (Panama).
Panama Inflation Rate (CPI), level (index 2024=100)99100101102103202420252026Robomacro
Panama Inflation Rate (CPI), level (index 2024=100).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
September 2026102.52.8
August 2026102.02.2
July 2026101.82.0
June 2026102.12.3
May 2026102.42.5
April 2026102.12.1
March 2026101.00.8
February 2026100.10.02
January 2026100.10.3
December 202599.850.4
November 202599.750.5
October 202599.730.5
September 202599.750.3
August 202599.79−0.1
July 202599.79−0.4
June 202599.86−0.4
May 202599.92−0.7
April 2025100.0−0.7
March 2025100.2−0.4
February 2025100.1−0.1
January 202599.74−0.2
December 202499.48—
November 202499.30—
October 202499.25—

Last 24 observations. The full history (33 observations) is available through the API.

Get Panama Inflation Rate (CPI) in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/PA.CPI.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/PA.CPI.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationSeptember 2026
First observationJanuary 2024
Observations33
FrequencyMonthly
Unitsindex 2024=100
AdjustmentNot seasonally adjusted
10-year high2.8% (Sep 2026)
10-year low−0.7% (Apr 2025)
10-year average0.6%
Source agencyInstituto Nacional de Estadística y Censo (Panama)
Makrognosis codePA.CPI.M.NSA

Inflation Rate (CPI): how Panama compares

#EconomyPeriodLatest
1VenezuelaOct 2026376.9%
2SudanDec 202568.1%
3ArgentinaOct 202633.1%
4TurkeyOct 202629.8%
5HaitiSep 202616.4%
55LatviaOct 20263.1%
56United StatesSep 20253.0%
57MaltaSep 20262.9%
58SlovakiaOct 20262.9%
59South KoreaOct 20262.8%
60PanamaSep 20262.8%
61GermanyOct 20262.8%
62JordanSep 20262.7%
63AlbaniaSep 20262.7%
64BahamasFeb 20262.7%
65LuxembourgOct 20262.7%
66FinlandSep 20262.5%

Inflation Rate (CPI) by country: all 80 economies ranked →

Other Panama indicators

Panama Credit Rating & Sovereign Risk ScorePanama Government Debt to GDPPanama Gross SPNF public debt, USD million (MEF DFP Grafica 3, year-end)

FAQ

What is the current inflation Rate (CPI) in Panama?
The latest reading is 2.8% year on year for September 2026, published by Instituto Nacional de Estadística y Censo (Panama).
Where does this data come from?
It is collected directly from Instituto Nacional de Estadística y Censo (Panama) and is available through the Makrognosis API under the code PA.CPI.M.NSA.

Last updated 2026-10-14. Source: Instituto Nacional de Estadística y Censo (Panama). Original title: “Panama CPI Nacional Urbano (INEC, base 2024=100)”.