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Price inflation continues to batter economies and wallets around the world. But not so much in Panama.

According to a recent report by Bloomberg, Panama “once again” had the lowest inflation in the region. In May, Panama’s price inflation was only 0.4% compared to a year earlier, which is actually an improvement from April, when prices were up 0.95% from a year earlier.

In contrast, inflation in the United States remains at around 4%, despite big interest rate hikes by the Federal Reserve in the last year. In many countries worldwide, price inflation of food, gas, and other commodities is nearing crisis stages, with many economies struggling to make a dent in the increases.

Around Latin America, Brazil, “the largest economic power in the region,” saw inflation slow to 3.94%, compared to double-digit growth a year ago, Bloomberg reports. In terms of top performers, Panama was followed by Costa Rica, which reported a 0.88% percent increase in inflation, and Ecuador, with a 1.97% increase year-over-year.

Other countries in the region continue to struggle with rising prices. For example, in Mexico prices are still up 5.84% from a year ago. In Colombia, the year-on-year increase was a whopping 12.36%; in Argentina, the year-on-year growth was a whopping 114.2%, the third highest in the world.

“After the scare generated in 2022, inflation in Latin America has been cooling gradually but consistently in almost all countries,” Bloomberg reports.

This is another great reason to invest in Panama Real Estate.