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.

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Paraguay Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-05-04 07:00 PM Apr 5.3% 6.4% 5.7%
2023-06-02 06:00 PM May 5.1% 5.3% 4.5%
2023-07-06 04:00 PM Jun 3.5%


Related Last Previous Unit Reference
Inflation Rate 5.10 5.30 percent May 2023
Core Inflation Rate 6.20 6.60 percent May 2023
Core Consumer Prices 126.80 126.50 points May 2023
Inflation Rate MoM 0.00 0.40 percent May 2023
Food Inflation 7.50 7.10 percent May 2023
CPI Transportation 148.10 148.70 points May 2023
CPI Housing Utilities 115.10 114.80 points May 2023
Consumer Price Index CPI 128.30 128.30 points May 2023
Producer Prices Change 5.00 5.90 percent Apr 2023
Producer Prices 162.80 163.90 points Apr 2023
GDP Deflator 56455890.95 52259054.66 points Dec 2022

Paraguay Inflation Rate
In Paraguay, the important categories of Consumer Price Index are: Food (32% of the total weight), Transports (15%), and Shelter, Household Maintenance & Services (9%). Furniture & Household Equipment accounts for 8%, Miscellaneous Goods & Services for 7%, and Leisure & Culture for 6%. Others include: Restaurants & Hotels (6%), Clothing (5%), Healthcare (4%), Education (4%), Communications (3%), and Alcoholic Beverages & Tobacco (1%). The national index has a base of 100 as of December 2017. 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.
Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.30 13.40 0.50 2005 - 2023 percent Monthly
2007M12=100, NSA

News Stream
Paraguay Inflation Lowest in 23-Month
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.
2023-06-08
Paraguay Inflation Slows to 20-Month Low
he annual inflation rate in Paraguay eased for the fifth month to 5.3% in April of 2023, the lowest since July 2021, slowing from the 6.4% from the previous month, led by a decline in cost of transportation and energy. Inflation slowed for transportation (3.4% vs 9.4% in March), housing and utilities (5.9% vs 6%), and restaurants and hotels (5.7% vs 7%). On the other hand, consumer costs continued to rise for food and non-alcoholic beverages (7.2% vs 7.1%). On a monthly basis, the Paraguayan CPI edged 0.4% higher.
2023-05-04
Paraguay Inflation Slows Further in March
The annual inflation rate in Paraguay fell for a fourth month to 6.4% in March of 2023, the lowest since September 2021, slowing from the 6.9% from the previous month amid a considerable deceleration in energy costs. Inflation fell for transportation (9.4% vs 12.5% in February), housing and utilities (2.2% vs 2.5%), and restaurants and hotels (7.1% vs 8.2%). On the other hand, consumer costs continued to accelerate for food and non-alcoholic beverages (7.2% vs 6.8%). On a monthly basis, the Paraguayan CPI edged 0.4% higher.
2023-04-13