The annual inflation rate in Paraguay slowed for a sixth month to 5.1% in May of 2023, the lowest since June 2021, easing from the 5.3% from the previous month, led by a decline in the cost of transportation and energy. Inflation slowed for transportation (2.9% vs 3.4% in April), restaurants and hotels (5.6% vs 5.7%), recreation and culture (2.6% vs 3.2%), and clothing and footwear (4.8% vs 5.1%). On the other hand, consumer costs continued to rise for food and non-alcoholic beverages (7.5% vs 7.1%) while housing and utilities (1.5% vs 1.5%) prices went up at the same pace. On a monthly basis, the Paraguayan CPI was unchanged after edging up by 0.4% in the prior month. source: Banco Central del Paraguay
Inflation Rate in Paraguay averaged 5.33 percent from 2005 until 2023, 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 June of 2023.
Inflation Rate in Paraguay is expected to be 4.50 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 2024, according to our econometric models.