Paraguay's annual inflation edged up to 2.4% in May 2026 from 2.3% in April. Price pressures were driven mainly by restaurants and hotels (8.4%), education (5.9%), food and non-alcoholic beverages (2.7%), and recreation and culture (2.8%). Additional increases were recorded in alcoholic beverages and tobacco (1.2%), housing and utilities (1.8%), furniture and household goods (2.0%), and healthcare (2.0%). On a monthly basis, consumer prices rose 0.1%, bringing cumulative inflation in the first five months of the year to 2.2%. Meanwhile, core inflation, which excludes more volatile items, remained unchanged at 1.9%, suggesting underlying price pressures stayed relatively contained. source: Banco Central del Paraguay

Inflation Rate in Paraguay increased to 2.40 percent in May from 2.30 percent in April of 2026. Inflation Rate in Paraguay averaged 5.10 percent from 2005 until 2026, 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 2026.

Inflation Rate in Paraguay increased to 2.40 percent in May from 2.30 percent in April of 2026. Inflation Rate in Paraguay is expected to be 3.30 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 3.20 percent in 2027 and 3.70 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-04 03:00 PM
Inflation Rate YoY
Apr 2.3% 1.9% 2.3%
2026-06-02 05:00 PM
Inflation Rate YoY
May 2.4% 2.3% 2.9%
2026-07-02 05:00 PM
Inflation Rate YoY
Jun 2.4% 3.3%


Related Last Previous Unit Reference
Consumer Price Index CPI 142.00 141.90 points May 2026
Core Consumer Prices 141.80 141.70 points May 2026
Core Inflation Rate 1.21 1.72 percent May 2026
CPI Housing Utilities 121.40 120.90 points May 2026
CPI Transportation 149.40 150.30 points May 2026
Food Inflation 2.70 2.00 percent May 2026
GDP Deflator 146.90 148.84 points Dec 2025
Inflation Rate YoY 2.40 2.30 percent May 2026
Inflation Rate MoM 0.10 0.80 percent May 2026
Producer Prices 99.40 99.30 points Apr 2026
PPI YoY -1.00 -0.70 percent Apr 2026


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
2.40 2.30 13.40 0.50 2005 - 2026 percent Monthly
2017M12=100, NSA

News Stream
Paraguay CPI Rises Slightly in May
Paraguay's annual inflation edged up to 2.4% in May 2026 from 2.3% in April. Price pressures were driven mainly by restaurants and hotels (8.4%), education (5.9%), food and non-alcoholic beverages (2.7%), and recreation and culture (2.8%). Additional increases were recorded in alcoholic beverages and tobacco (1.2%), housing and utilities (1.8%), furniture and household goods (2.0%), and healthcare (2.0%). On a monthly basis, consumer prices rose 0.1%, bringing cumulative inflation in the first five months of the year to 2.2%. Meanwhile, core inflation, which excludes more volatile items, remained unchanged at 1.9%, suggesting underlying price pressures stayed relatively contained.
2026-06-02
Paraguay Inflation Picks Up in April
Annual inflation in Paraguay rose to 2.3% in April 2025 from 1.9% in March. Price increases were led by restaurants and hotels (8.0%) and education (6.1%). Food prices rose 2.0%, while housing and utilities increased 1.5%. Other gains were seen in recreation and culture (3.1%), communication (2.1%), and furniture and household appliances (1.9%). At the subsector level, fuel prices jumped 12.2%, driven by concerns over oil supply in the Middle East. Core inflation eased to 1.9% from 2.2% in March. On a monthly basis, consumer prices rose 0.8%, matching the previous month’s pace.
2026-05-04
Paraguay's Inflation Eases to Lowest Since October 2020
Annual inflation in Paraguay eased to 1.9% year-over-year in March 2026, down from 2.3% in February and marking the lowest level since October 2020. Food prices rose 3.1% following 6.2% inflation in February, while other goods prices fell 1.4%. Overall goods inflation stood at 0.8%. Services inflation was 3.9%, little changed from 3.8%, while income inflation was 0.6%. Fuel prices fell 2.6% after declining 12.1% in February, with deflation decelerating sharply amid Middle East oil supply concerns. Core prices rose 2.2% after rising 2.6% in February. On a monthly basis, consumer prices were 0.8% higher, following a flat reading in the prior month.
2026-04-06