The annual inflation rate in Paraguay increased to 2.8 percent in December 2019 from 1.9 percent in the previous month. It was the highest inflation since August. Prices rose faster for goods (3.1 percent vs 1.6 percent in November), namely food (3.6 percent vs 0.5 percent) and services (2.6 percent vs 2.4 percent). Meantime, inflation was steady for rents (at 2.6 percent). On a monthly basis, consumer prices went up 0.6 percent, following a 0.2 percent gain in November. Inflation Rate in Paraguay averaged 5.29 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 3.30 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.

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Paraguay Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.80 1.90 13.40 0.90 2005 - 2019 percent Monthly
2007M12=100, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-02 05:50 PM Sep 2.6% 2.8% 2.9%
2019-11-04 04:55 PM Oct 2.4% 2.6% 2.7%
2019-12-03 03:30 PM Nov 1.9% 2.4% 2.6%
2019-12-30 05:10 PM Dec 2.8% 1.9% 2%
2020-02-03 05:30 PM Jan 2.8% 3%


News Stream
2019-12-03
Paraguay Inflation Rate Falls to Over 2-1/2-Year Low
The annual inflation rate in Paraguay fell to 1.9 percent in November 2019 from 2.4 percent in the previous month. It was the lowest inflation rate since January 2017, as prices slowed for food & non-alcoholic beverages (0.5 percent from 1.5 percent in October); transportation (2.5 percent from 3.2 percent); housing & utilities (1.2 percent from 1.6 percent); clothing & footwear (1.7 percent from 1.9 percent); restaurants & hotels (2.9 percent from 3.1 percent); and recreation & culture (1.7 percent from 2 percent). On the other hand, cost advanced further for miscellaneous goods & services (3.2 percent from 3.1 percent); and furnishings & household equipment (3.7 percent from 3.4 percent). Also, inflation was steady for health (at 3.5 percent); education (at 5.4 percent); and communication (at 0.2 percent). On a monthly basis, consumer prices went up 0.2 percent, after a 0.4 percent rise in October.

2019-11-04
Paraguay Inflation Rate at 9-Month Low of 2.4%
The annual inflation rate in Paraguay decreased to 2.4 percent in October 2019 from 2.6 percent in the previous month. It was the lowest inflation since January, as prices went up at a softer pace for services (2.7 percent vs 3.0 percent in September). Meanwhile, inflation was steady for rents (at 2.4 percent) while cost picked up for food (1.5 percent vs 1.3 percent). On a monthly basis, consumer prices rose 0.4 percent, following a 0.3 percent gain in September.

2019-10-02
Paraguay Inflation Rate Eases to 8-Month Low
The annual inflation rate in Paraguay decreased to 2.6 percent in September 2019 from 2.8 percent in the previous month. It was the lowest rate since January, as prices rose at a softer pace for services (3.0 percent vs 3.5 percent) and rents (2.4 percent vs 2.9 percent). Meanwhile, inflation picked up for food (1.3 percent vs 0.9 percent) and other goods (3.5 percent vs 3.3 percent). On a monthly basis, consumer prices rose 0.3 percent in September.

2019-09-03
Paraguay Inflation Rate Slows to 2.8% in August
The annual inflation rate in Paraguay decreased to 2.8 percent in August of 2019 from 3.1 percent in the previous month. Prices slowed for food (0.9 percent from 1.9 percent in July), particularly fruits and vegetables (5.5 percent from 7.3 percent) and housing (2.9 percent from 3.1 percent). On a monthly basis, consumer prices edged down 0.1 percent, the same as in July.

2019-07-02
Paraguay June Inflation Rate Slows to 2.8% YoY
The annual inflation rate in Paraguay declined to 2.8 percent in June 2019 from a six-month high of 3.8 percent in the previous month. Prices slowed for food & non-alcoholic beverages (0.6 percent from 2.3 percent in May); housing & utilities (3.8 percent from 3.9 percent); transport (6.1 percent from 9.2 percent); furnishings & household equipment (2.6 percent from 3.1 percent); miscellaneous goods & services (3.6 percent from 3.9 percent); restaurant & hotels (3.5 percent form 3.6 percent); and health (2.3 percent from 2.5 percent). Also, cost of communications dropped further (-0.5 percent from -0.3 percent). On a monthly basis, consumer prices declined 0.2 percent, after a 0.8 percent gain in May.

2019-06-03
Paraguay May Inflation Rate at 6-Month High of 3.8%
The annual inflation rate in Paraguay rose to a six-month high of 3.8 percent in May 2019 from 3.1 percent in the previous month. Food prices advanced 2.3 percent (vs 1.1 percent in April), mostly driven by meat and cost of fuel jumped 10.1 percent (vs 5.8 percent in April). Also, cost of services rose further (3.3 percent vs 3.1 percent). Core inflation, which excludes fruits and vegetables, advanced to 3.1 percent from 2.8 percent in the prior month. On a monthly basis, consumer prices increased 0.8 percent, after a 0.3 percent gain in April and the core index went up 0.5 percent.


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.

Paraguay Prices Last Previous Highest Lowest Unit
Inflation Rate 2.80 1.90 13.40 0.90 percent [+]
Core Consumer Prices 105.70 104.90 105.70 16.10 points [+]
Core Inflation Rate 3.10 2.30 21.79 0.68 percent [+]
Producer Prices 124.80 124.50 124.80 99.30 points [+]
Producer Prices Change 1.00 1.00 43.40 -3.40 percent [+]
Inflation Rate Mom 0.60 0.20 3.95 -2.24 percent [+]
GDP Deflator 113.03 112.42 114.31 14.80 points [+]
Food Inflation 3.60 0.50 32.41 -4.84 percent [+]
CPI Housing Utilities 105.80 105.70 159.20 35.20 points [+]
CPI Transportation 114.00 113.90 127.10 23.32 points [+]
Consumer Price Index Cpi 106.10 105.50 155.10 32.80 points [+]