Inflation declined for the third successive month in February, coming in at 6.9% from January’s 7.8% on softer price pressures for food and transportation. Against this backdrop, on 22 February the Central Bank maintained its key rate at 8.50%. Inflation is seen decelerating this year but averaging above the Bank’s 4.0% target.
Paraguay Inflation (CPI, ann. var. %, eop) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, eop) | 4.5 | 3.2 | 2.8 | 2.2 | 6.8 |