The annual inflation rate in Paraguay increased to a four-month high of 3.1 percent in April 2019 from 2.8 percent in the previous month. Food prices rose 1.1 percent (vs 0.6 percent in March), mainly boosted by fruits and vegetables (4.6 percent vs 1 percent), and fuels costs climbed 5.8 percent (vs 5.7 percent in March). Meanwhile, services inflation eased slightly to 3.1 percent from 3.2 percent in the previous period. Core inflation, which excludes fruits and vegetables, edged up to 2.8 percent from 2.7 percent in March. On a monthly basis, consumer prices were up 0.3 percent and the core index advanced 0.2 percent. Inflation Rate in Paraguay averaged 5.40 percent from 2005 until 2019, reaching an all time high of 13.40 percent in June of 2008 and a record low of 0.90 percent in May of 2013.
Inflation Rate in Paraguay is expected to be 3.70 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 3.80 in 12 months time. In the long-term, the Paraguay Inflation Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.