Paraguay's annual inflation increased to 2.6 percent in January 2021, from 2.2 percent in the previous month. It is the highest inflation rate since January of last year, mainly driven by food products (5.4 percent vs 3.3 percent in December), while prices slowed for other goods (1.8 percent vs 2 percent), services (1.3 percent vs 1.6 percent), and housing rents (1.6 percent vs 1.9 percent). On a monthly basis, consumer prices increased 0.5 percent in January, easing from a 0.6 percent advance in December source: Banco Central del Paraguay
Inflation Rate in Paraguay averaged 5.05 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 February of 2021.
Inflation Rate in Paraguay is expected to be 1.70 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 2.50 in 12 months time. In the long-term, the Paraguay Inflation Rate is projected to trend around 3.50 percent in 2022, according to our econometric models.