Cost of food in Paraguay increased 3.60 percent in December of 2019 over the same month in the previous year. Food Inflation in Paraguay averaged 7.67 percent from 1995 until 2019, reaching an all time high of 32.41 percent in April of 2003 and a record low of -4.84 percent in August of 2012.
Food Inflation in Paraguay is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Paraguay to stand at 2.70 in 12 months time. In the long-term, the Paraguay Food Inflation is projected to trend around 3.40 percent in 2020, according to our econometric models.