Paraguay’s annual inflation rate eased to 2.7% in January 2025 from 3.1% in December, marking its lowest level since April 2021. Price pressures were strongest in food goods, where inflation reached 6.7%, followed by services at 3.7%. Income-related inflation remained subdued at 0.7%. In contrast, other goods prices recorded deflation of 1.6%. Core inflation stood at 3.3%, remaining above the headline rate. On a monthly basis, consumer prices rose 0.6% in January, reversing a 0.3% decline in the previous month. source: Banco Central del Paraguay

Inflation Rate in Paraguay decreased to 2.70 percent in January from 3.10 percent in December of 2025. Inflation Rate in Paraguay averaged 5.14 percent from 2005 until 2026, 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 February of 2026.

Inflation Rate in Paraguay decreased to 2.70 percent in January from 3.10 percent in December of 2025. Inflation Rate in Paraguay is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Paraguay Inflation Rate is projected to trend around 3.20 percent in 2027 and 3.70 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-30 05:30 PM
Inflation Rate YoY
Dec 3.1% 4.1% 4.2%
2026-02-03 05:00 PM
Inflation Rate YoY
Jan 2.7% 3.1% 3.0%
2026-03-04 05:00 PM
Inflation Rate YoY
Feb 2.7%


Related Last Previous Unit Reference
Consumer Price Index CPI 139.70 138.90 points Jan 2026
Core Consumer Prices 141.50 141.10 points Jan 2026
Core Inflation Rate 3.30 3.60 percent Jan 2026
CPI Housing Utilities 120.40 120.40 points Jan 2026
CPI Transportation 139.10 139.80 points Jan 2026
Food Inflation 6.70 7.10 percent Jan 2026
GDP Deflator 149.12 147.19 points Sep 2025
Inflation Rate YoY 2.70 3.10 percent Jan 2026
Inflation Rate MoM 0.60 -0.30 percent Jan 2026
Producer Prices 99.20 99.90 points Dec 2025
PPI YoY 1.20 2.60 percent Dec 2025


Paraguay Inflation Rate
In Paraguay, the important categories of Consumer Price Index are: Food (32% of the total weight), Transports (15%), and Shelter, Household Maintenance & Services (9%). Furniture & Household Equipment accounts for 8%, Miscellaneous Goods & Services for 7%, and Leisure & Culture for 6%. Others include: Restaurants & Hotels (6%), Clothing (5%), Healthcare (4%), Education (4%), Communications (3%), and Alcoholic Beverages & Tobacco (1%). The national index has a base of 100 as of December 2017. The CPI reflects the prices and spending patterns registered in the metropolitan area of Asunción, which includes: Asunción, Luque, Fernando de la Mora, Lambaré, San Lorenzo and Capiatá, and which accounts for 43.5 percent of the urban population of the country.
Actual Previous Highest Lowest Dates Unit Frequency
2.70 3.10 13.40 0.50 2005 - 2026 percent Monthly
2007M12=100, NSA

News Stream
Paraguay Inflation Falls to Lowest Since 2021
Paraguay’s annual inflation rate eased to 2.7% in January 2025 from 3.1% in December, marking its lowest level since April 2021. Price pressures were strongest in food goods, where inflation reached 6.7%, followed by services at 3.7%. Income-related inflation remained subdued at 0.7%. In contrast, other goods prices recorded deflation of 1.6%. Core inflation stood at 3.3%, remaining above the headline rate. On a monthly basis, consumer prices rose 0.6% in January, reversing a 0.3% decline in the previous month.
2026-02-03
Paraguay Inflation Hits 22-Month Low
Paraguay’s annual inflation rate eased to 3.1% in December 2025 from 4.1% in November, the lowest since February 2024. Food and non-alcoholic beverage prices rose 7.1%, slowing from a 10% increase in the prior month. Inflation also moderated for alcoholic beverages and tobacco (1.7% vs 1.9%), furniture and household articles (2.8% vs 2.9%), and communication (3.0% vs 3.2%). Deflation deepened in transport (-5.9% vs -4.4%) and gasoline (-9.0% vs -5.1%). On a monthly basis, consumer prices fell 0.3% after rising 0.2% in November.
2025-12-30
Paraguay Inflation Holds Steady in November
Paraguay’s annual inflation held at 4.1% in November 2025. Most categories showed minimal variation. Notable shifts appeared in alcoholic beverages and tobacco (2.5% vs 1.9%), transport (-4.4% vs -4.9%), recreation and culture (2.7% vs 3.0%), and restaurants and hotels (8.8% vs 7.2%). On a monthly basis, inflation moved to 0.2% after a 0.1% deflation rate.
2025-12-02