Inflation Paraguay 2022
Average inflation: 9.8%
Current Inflation
Inflation is very high at 9.8%, far above the ECB target.
Peak and Trough
The highest inflation was in April at 11.8%. The lowest inflation was in January at 7.9%.
- Highest month
- April: 11.8%
- Lowest month
- January: 7.9%
- Difference
- 3.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 15.1%. The lowest price increase was in Energy with an average of 2.8%.
- Highest increase
- Food: 15.1%
- Lowest increase
- Energy: 2.8%
Historical Context
Current inflation is 5.2% higher than the 5-year average of 4.6%. This approaches the highest level since records began (10.2% in 2008).
- 5-year average
- 4.6%
- 10-year average
- 4.2%
- All-time high (2008)
- 10.2%
- All-time low (2020)
- 1.8%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +5.0 percentage point.
- Change vs. previous year
- +5.0 percentage points
- Largest monthly swing
- April: +9.3 percentage points
ECB Target
Inflation is 7.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €109.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 7.9% | +5.3 |
| February | 9.3% | +6.8 |
| March | 10.1% | +7.7 |
| April | 11.8% | +9.3 |
| May | 11.4% | +7.7 |
| June | 11.5% | +7.0 |
| July | 11.1% | +5.9 |
| August | 10.5% | +4.9 |
| September | 9.3% | +2.9 |
| October | 8.1% | +0.5 |
| November | 8.3% | +0.9 |
| December | 8.1% | +1.3 |
| Average | 9.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.