The annual inflation rate in Paraguay fell for the fourth straight month to 8.1 percent in October of 2022 from 9.3 percent in the prior month. It was the lowest rise in consumer prices since January, strengthening expectations that inflation is past its peak of 11.8 percent in April. Costs fell for housing and utilities (-0.7 percent vs 0.2 percent) and decelerated for food and non-alcoholic beverages (10.8 percent vs 12.9 percent), transportation (14.4 percent vs 18.3 percent), and restaurants and hotels (9.9 percent vs 11.4 percent). On a monthly basis, the CPI rose by 0.4 percent, compared to the 0.1 percent drop in the prior month. source: Banco Central del Paraguay
Inflation Rate in Paraguay averaged 5.29 percent from 2005 until 2022, 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 December of 2022.
Inflation Rate in Paraguay is expected to be 8.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Paraguay Inflation Rate is projected to trend around 3.00 percent in 2023 and 2.00 percent in 2024, according to our econometric models.