The annual inflation rate in Paraguay rose to 1.7 percent in October 2020 from 1.6 percent in the previous month. It was the highest inflation rate in six months, as prices increased further for food & non-alcoholic beverages (2 percent vs 1.4 percent in September); furnishings & household equipment (1.7 percent vs 1.3 percent); health (3.8 percent vs 3.7 percent); recreation & culture (4.4 percent vs 3.9 percent); and communication (1.1 percent vs 0.7 percent). Meanwhile, cost slowed for transport (0.1 percent vs 0.5 percent); and restaurants & hotels (0.9 percent vs 1.2 percent). Also, inflation was steady for housing & utilities (at 1.3 percent); clothing & footwear (at 0.8 percent); education (at 4 percent); and miscellaneous goods & services (at 2.1 percent). On a monthly basis, consumer prices went up 0.5 percent, following a 0.3 percent gain in the prior month. source: Banco Central del Paraguay
Inflation Rate in Paraguay averaged 5.12 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 November of 2020.
Inflation Rate in Paraguay is expected to be 1.50 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 2.10 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.