The annual inflation rate in Paraguay rose to 1.6 percent in August of 2020 from 1.1 percent in the prior month. It was the highest rate since April, as food prices rebounded (0.8 percent vs -0.9 percent in July). In addition, costs advanced faster for transport (1.2 percent vs 0.3 percent) and recreation & culture (4.1 percent vs 4 percent). Meantime, inflation was steady for housing & utilities (at 1.3 percent) and miscellaneous goods & services (at 2.3 percent). On a monthly basis, consumer prices went up 0.5 percent, the same pace as in the prior month.
Inflation Rate in Paraguay averaged 5.13 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 September of 2020.
Inflation Rate in Paraguay is expected to be 1.40 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 1.90 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.