The annual inflation rate in Paraguay fell to 0.5 percent in June from 0.7 percent in the previous month. It was the lowest inflation rate since at least 2005, as prices continued to fall for food & non-alcoholic beverages (-1.5 percent vs -1.1 percent in May); transport (-1.6 percent, the same as in May); and alcoholic beverages & tobacco (-5 percent vs -4.5 percent). In addition, cost slowed for clothing & footwear (1 percent vs 1.1 percent); furnishings & household equipment (2.8 percent vs 2.9 percent); recreation & culture (2.5 percent vs 2.6 percent); restaurants & hotels (2.1 percent vs 2.4 percent); and miscellaneous goods & services (2 percent vs 2.4 percent). Meanwhile, inflation was steady for housing & utilities (at 1.2 percent). On a monthly basis, consumer prices went down 0.4 percent, following a 0.6 percent drop in the prior month.
Inflation Rate in Paraguay averaged 5.17 percent from 2005 until 2020, 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 July of 2020.
Inflation Rate in Paraguay is expected to be 0.70 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 1.50 in 12 months time. In the long-term, the Paraguay Inflation Rate is projected to trend around 2.50 percent in 2021 and 3.50 percent in 2022, according to our econometric models.