Paraguay's annual inflation increased to 2.6 percent in January 2021, from 2.2 percent in the previous month. It is the highest inflation rate since January of last year, mainly driven by food products (5.4 percent vs 3.3 percent in December), while prices slowed for other goods (1.8 percent vs 2 percent), services (1.3 percent vs 1.6 percent), and housing rents (1.6 percent vs 1.9 percent). On a monthly basis, consumer prices increased 0.5 percent in January, easing from a 0.6 percent advance in December source: Banco Central del Paraguay

Inflation Rate in Paraguay averaged 5.05 percent from 2005 until 2021, reaching an all time high of 13.40 percent in June of 2008 and a record low of 0.50 percent in June of 2020. This page provides - Paraguay Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Inflation Rate in Paraguay is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Paraguay to stand at 2.50 in 12 months time. In the long-term, the Paraguay Inflation Rate is projected to trend around 3.50 percent in 2022, according to our econometric models.

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Paraguay Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.20 13.40 0.50 2005 - 2021 percent Monthly
2007M12=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-03 04:30 PM Oct 1.7% 1.6% 1.7%
2020-12-02 05:30 PM Nov 2.2% 1.7% 1.6%
2020-12-30 06:00 PM Dec 2.2% 2.2% 2.5%
2021-02-03 04:05 PM Jan 2.6% 2.2% 2.1%
2021-03-03 05:00 PM Feb 2.6%
2021-04-02 06:00 PM Mar
2021-05-04 05:00 PM Apr
2021-06-02 05:30 PM May


News Stream
Paraguay Inflation Rate at 1-Year High
Paraguay's annual inflation increased to 2.6 percent in January 2021, from 2.2 percent in the previous month. It is the highest inflation rate since January of last year, mainly driven by food products (5.4 percent vs 3.3 percent in December), while prices slowed for other goods (1.8 percent vs 2 percent), services (1.3 percent vs 1.6 percent), and housing rents (1.6 percent vs 1.9 percent). On a monthly basis, consumer prices increased 0.5 percent in January, easing from a 0.6 percent advance in December
2021-02-03
Paraguay Inflation Rate Steady at 8-Month High
Paraguay's annual inflation stood at 2.2 percent in December 2020, unchanged from the previous month's eight-month high. Upward pressure came from food products (3.3 percent) and other goods (2.0 percent), as well as services (1.6 percent) and rent (1.9 percent). On a monthly basis, consumer prices increased 0.6 percent in December, easing from a 0.7 percent advance in November.
2020-12-30
Paraguay Inflation Rate Hits 8-Month High
Paraguay's annual inflation rate rose to 2.2 percent in November 2020, the highest since March, mainly boosted by increases in cost for purchases of vehicles (13.4 percent), beef (7.6 percent), poultry meat (12.5 percent), pharmaceutical products (7.1 percent), pasta and rice (13.9 percent), university undergraduate level (3.9 percent), purchases of trucks (10.3 percent), TV services (4.5 percent), rentals (1.9 percent), primary education level (4.9 percent), and hygiene items for the household (3.2 percent). On a monthly basis, consumer prices went up 0.7 percent, following a 0.5 percent gain in the prior month.
2020-12-02
Paraguay Inflation Rate Rises to 6-Month High in October
The annual inflation rate in Paraguay rose to 1.7 percent in October 2020 from 1.6 percent in the previous month. It was the highest inflation rate in six months, as prices increased further for food & non-alcoholic beverages (2 percent vs 1.4 percent in September); furnishings & household equipment (1.7 percent vs 1.3 percent); health (3.8 percent vs 3.7 percent); recreation & culture (4.4 percent vs 3.9 percent); and communication (1.1 percent vs 0.7 percent). Meanwhile, cost slowed for transport (0.1 percent vs 0.5 percent); and restaurants & hotels (0.9 percent vs 1.2 percent). Also, inflation was steady for housing & utilities (at 1.3 percent); clothing & footwear (at 0.8 percent); education (at 4 percent); and miscellaneous goods & services (at 2.1 percent). On a monthly basis, consumer prices went up 0.5 percent, following a 0.3 percent gain in the prior month.
2020-11-03

Paraguay Inflation Rate
In Paraguay, the main components of the consumer price index are: Food (32 percent of the total weight); Transports (14.8 percent) and Shelter, Household Maintenance and Services (8.9 percent). Furniture and Household Equipment account for 7.7 percent; Miscellaneous Goods and Services for 7.3 percent and Leisure and Culture for 6.1 percent. Others include: Restaurants and Hotels (5.5 percent); Clothing (4.9 percent); Health Care (4.1 percent); Education (4 percent); Communications (3.4 percent) and Alcoholic Beverages and Tobacco (1.2 percent). The national index has a base of 100 as of December 2007. The CPI reflects the prices and spending patterns registered in the metropolitan area of Asunción, which includes: Asunción, Luque, Fernando de la Mora, Lambaré, San Lorenzo and Capiatá, and which accounts for 43.5 percent of the urban population of the country.