Panama - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Panama was 122.14 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 122.50 in 2018 and a minimum value of 25.71 in 1960.

Definition: Consumer price index reflects changes 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. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 25.71
1961 25.86
1962 26.07
1963 26.19
1964 26.82
1965 26.94
1966 26.99
1967 27.37
1968 27.81
1969 28.32
1970 29.19
1971 29.75
1972 31.36
1973 33.51
1974 38.96
1975 41.25
1976 42.88
1977 44.85
1978 46.73
1979 50.46
1980 57.43
1981 61.63
1982 64.25
1983 65.60
1984 66.64
1985 67.32
1986 67.27
1987 67.95
1988 68.19
1989 68.33
1990 68.86
1991 69.72
1992 70.99
1993 71.31
1994 72.22
1995 72.94
1996 73.85
1997 74.83
1998 75.25
1999 76.19
2000 77.33
2001 77.57
2002 78.35
2003 78.65
2004 79.03
2005 81.29
2006 83.28
2007 86.75
2008 94.35
2009 96.63
2010 100.00
2011 105.88
2012 111.91
2013 116.42
2014 119.47
2015 119.64
2016 120.52
2017 121.58
2018 122.50
2019 122.07
2020 120.18
2021 122.14

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: 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.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices