Inflation in Paraguay

Paraguay Inflation | Economic News & Forecasts

Paraguay - Inflation

The recovery likely remained robust but eased somewhat in Q3: Both economic activity and household credit expanded at softer paces on average in annual terms in July–August than in Q2. Meanwhile, quickly climbing inflation will have likely dented consumer spending in Q3 and into the final quarter of the year. Regarding the health crisis, the country has recently managed to keep daily Covid-19 infection rates at their lowest levels since the start of the pandemic, which, coupled with a pickup in the vaccine rollout, allowed authorities to end the curfew in mid-October and maintain only mild domestic restrictions, boding well for activity ahead. In other news, the government closed a new trade deal with Chile in late October, while recent bilateral talks with Argentina have led to the gradual reopening of land borders and an agreement on the need to review Mercosur’s common external tariffs.

Paraguay - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)3.1  4.1  3.6  4.0  2.8  

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Paraguay Inflation Chart


Paraguay Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Central Bank of Paraguay.

Paraguay Facts

Value Change Date
Exchange Rate6,4530.18 %Jan 01

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