Inflation Paraguay 2024
Average inflation: 3.8%
Current Inflation
Inflation is high at 3.8%, well above the ECB target.
Peak and Trough
The highest inflation was in May at 4.4%. The lowest inflation was in February at 2.9%.
- Highest month
- May: 4.4%
- Lowest month
- February: 2.9%
- Difference
- 1.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 7.8%. The lowest price increase was in Energy with an average of 1.3%.
- Highest increase
- Food: 7.8%
- Lowest increase
- Energy: 1.3%
Historical Context
Current inflation is 1.2% lower than the 5-year average of 5.0%.
- 5-year average
- 5%
- 10-year average
- 4.6%
- All-time high (2022)
- 9.8%
- All-time low (2020)
- 1.8%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.9 percentage point.
- Change vs. previous year
- -0.9 percentage points
- Largest monthly swing
- January: -4.4 percentage points
ECB Target
Inflation is 1.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 3.4% | -4.4 |
| February | 2.9% | -4.0 |
| March | 3.6% | -2.8 |
| April | 4.0% | -1.3 |
| May | 4.4% | -0.7 |
| June | 4.3% | +0.1 |
| July | 4.4% | +0.9 |
| August | 4.3% | +1.4 |
| September | 4.1% | +0.6 |
| October | 3.6% | +0.1 |
| November | 3.4% | +0.2 |
| December | 3.8% | +0.1 |
| Average | 3.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.