Inflation in Paraguay
Paraguay - InflationRecently released GDP data revealed that output fell at the sharpest pace in over six years in the first quarter (Q1 2019: -2.0% year-on-year; Q4 2018: +1.0 yoy). Although public expenditure picked up, household consumption dipped for the first time in nearly a decade while capital spending contracted sharply, mainly due to lower investment in machinery and equipment. Exports also fell notably as adverse weather conditions battered soy and beef production, while imports stagnated amid the downturn in domestic demand. Going forward, available metrics suggest that weakness persisted in the second quarter. Economic activity declined for the fifth month running in April, largely reflecting depressed soy production which in turn has severely impacted the external sector as highlighted by plunging merchandise exports in both April and May.
Paraguay - Inflation Data
|Inflation Rate (CPI, annual variation in %)||2.7||5.0||3.1||4.1||3.6|
5 years of economic forecasts for more than 30 economic indicators.
Paraguay Inflation Chart
Source: Central Bank of Paraguay.
|Exchange Rate||6,040||0.18 %||Jul 11|
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