The annual inflation rate in Paraguay eased to 3.4% in January 2024, down from 3.7% in the previous month, marking the lowest level in two months. Notably, inflation increased for food and non-alcoholic beverages (8.8% vs. 7.3% in December 2023) and housing and utilities (0.9% vs. 4%), while prices rose at a slower pace for clothing and footwear (3.4% vs. 3.6%) and remained constant for restaurants and hotels (3.9% vs. 3.9%) and recreation and culture (1.9% vs. 1.9%). Conversely, prices fell at an accelerated rate for transportation (-4.7% vs. -2.4%). On a monthly basis, consumer prices in Paraguay increased by 0.9% compared to December 2023. source: Banco Central del Paraguay

Inflation Rate in Paraguay decreased to 3.40 percent in January from 3.70 percent in December of 2023. Inflation Rate in Paraguay averaged 5.27 percent from 2005 until 2024, 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 2024.

Inflation Rate in Paraguay decreased to 3.40 percent in January from 3.70 percent in December of 2023. Inflation Rate in Paraguay is expected to be 2.90 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 2.00 percent in 2025, according to our econometric models.

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Paraguay Inflation Rate


Calendar GMT Reference Actual Previous Consensus TEForecast
2023-12-29 05:00 PM
Inflation Rate YoY
Dec 3.7% 3.2% 3.1%
2024-02-02 03:30 PM
Inflation Rate YoY
Jan 3.4% 3.7% 3.8%
2024-03-05 05:00 PM
Inflation Rate YoY
Feb 3.4% 3.2%


Related Last Previous Unit Reference
Inflation Rate 3.40 3.70 percent Jan 2024
Core Inflation Rate 4.70 4.70 percent Jan 2024
Core Consumer Prices 130.50 129.40 points Jan 2024
Food Inflation 8.80 7.30 percent Jan 2024
CPI Transportation 144.60 145.20 points Jan 2024
CPI Housing Utilities 115.40 115.30 points Jan 2024
Consumer Price Index CPI 131.00 129.80 points Jan 2024
Producer Prices Change -3.07 -1.67 percent Jan 2024
Producer Prices 158.00 158.70 points Jan 2024
Inflation Rate MoM 0.90 0.30 percent Jan 2024
GDP Deflator 139.68 138.68 points Sep 2023

Paraguay Inflation Rate
In Paraguay, the important categories of Consumer Price Index are: Food (32% of the total weight), Transports (15%), and Shelter, Household Maintenance & Services (9%). Furniture & Household Equipment accounts for 8%, Miscellaneous Goods & Services for 7%, and Leisure & Culture for 6%. Others include: Restaurants & Hotels (6%), Clothing (5%), Healthcare (4%), Education (4%), Communications (3%), and Alcoholic Beverages & Tobacco (1%). The national index has a base of 100 as of December 2017. 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.
Actual Previous Highest Lowest Dates Unit Frequency
3.40 3.70 13.40 0.50 2005 - 2024 percent Monthly
2007M12=100, NSA

News Stream
Paraguay Inflation Rate Slows in January
The annual inflation rate in Paraguay eased to 3.4% in January 2024, down from 3.7% in the previous month, marking the lowest level in two months. Notably, inflation increased for food and non-alcoholic beverages (8.8% vs. 7.3% in December 2023) and housing and utilities (0.9% vs. 4%), while prices rose at a slower pace for clothing and footwear (3.4% vs. 3.6%) and remained constant for restaurants and hotels (3.9% vs. 3.9%) and recreation and culture (1.9% vs. 1.9%). Conversely, prices fell at an accelerated rate for transportation (-4.7% vs. -2.4%). On a monthly basis, consumer prices in Paraguay increased by 0.9% compared to December 2023.
2024-02-02
Paraguay Inflation Rate Accelerates in December
The annual inflation rate in Paraguay accelerated to 3.7% in December 2023, down from 3.2% in the previous month, marking the highest level since June 2023. Notably, inflation increased for food and non-alcoholic beverages (7.3% vs. 4.8% in November) and restaurants and hotels (3.9% vs. 3.8%), while prices rose at a slower pace for clothing and footwear (3.6% vs. 3.9%) and recreation and culture (1.9% vs. 2%) and remained constant for housing and utilities (4% vs. 4%). Conversely, prices fell at an accelerated rate for transportation (-2.4% vs. -2.1% in November). On a monthly basis, consumer prices in Paraguay increased by 0.3% compared to November.
2023-12-29
Paraguay Inflation Rate Slows in November
The annual inflation rate in Paraguay eased to 3.2% in November 2023, down from 3.5% in the previous month, resuming the disinflationary path seen since November 2022, after slight increases in the previous two months. Notably, inflation decreased for transportation (-2.1% vs. 0.7% in October), while prices rose at a slower pace for restaurants and hotels (3.8% vs. 3.9%) and clothing and footwear (3.9% vs. 4.4%). Conversely, prices rose at an accelerated rate for food and non-alcoholic beverages (4.8% vs. 4.4%), housing and utilities (4% vs. 3.7%), and recreation and culture (2% vs. 1.9%). On a monthly basis, consumer prices in Paraguay increased by 0.4% compared to October.
2023-12-07