Paraguay Inflation Rises in September

Paraguay’s annual inflation rate edged higher to 1.7% in September 2026 from 1.5% in August, remaining well below the central bank’s 3.5% target. The largest price increases were recorded in fuels (18.9%) and food consumed outside the household (10.2%). Overall food prices declined 1.0%, driven by lower prices for fruits and vegetables. Meanwhile, services prices rose 0.5%, while income inflation stood at 3.8%. On a monthly basis, consumer prices increased 0.1%, following a flat reading in August.

Paraguay’s annual inflation eased to 1.5% in August 2026 from 1.6% in July, remaining well below the central bank’s 3.5% target. The largest price increases were recorded in restaurants and hotels (9.5%), education (6.0%), furniture and household goods (1.8%), healthcare (1.7%), and housing and utilities (1.7%). These increases were partly offset by a 0.5% decline in food and non-alcoholic beverages. On a monthly basis, consumer prices were unchanged in August, following a 0.1% decline in July.

Paraguay’s annual inflation eased to 1.6% in July 2026 from 2.1% in June, moving further below the central bank’s 3.5% target. The largest price increases were recorded in restaurants and hotels (9.7%), followed by education (5.9%), furniture and household goods (2.1%), healthcare (1.9%), and housing and utilities (1.8%). Meanwhile, transport prices fell 1.1% as lower oil prices, driven by easing Middle East tensions, helped curb overall inflation. Core inflation, which excludes volatile items, fell to 1.5% year-on-year from 1.7% in June. On a monthly basis, consumer prices fell 0.1%, following a 0.3% decline in the previous month.