The annual inflation rate in Paraguay picked up to 4.5 percent in June of 2021 from 3.7 percent in the previous month. It was the highest inflation rate since January of 2018, due to a faster rise in prices for food & non-alcoholic beverages (8.6 percent vs 6.8 percent in May); transport (7.4 percent vs 5.4 percent); and housing & utilities (1.5 percent vs 1.4 percent). Meanwhile, inflation was steady for furniture & household equipment ( at 2.3 percent); recreation & culture (at 3.6 percent); education (at 0.7 percent); and restaurant & hotels (at 1.5 percent). On a monthly basis, consumer prices edged up 0.4 percent, after a 0.6 percent rise in the prior month. source: Banco Central del Paraguay
Inflation Rate in Paraguay averaged 5.01 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 August of 2021.
Inflation Rate in Paraguay is expected to be 4.10 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 2.00 in 12 months time. In the long-term, the Paraguay Inflation Rate is projected to trend around 2.80 percent in 2022 and 3.50 percent in 2023, according to our econometric models.