Paraguay’s annual inflation rate held steady at 3.8% in January 2025, supported by rising costs in housing, utilities, and transportation, despite a slowdown in food and beverage prices. Consumer prices rose by 1% from the previous month, indicating continued economic adjustment.
In January 2025, Paraguay’s annual inflation rate stabilized at 3.8%, matching the previous month and reflecting a rebound from the lowest levels since February. Key areas contributing to this rise included significant increases in housing and utilities at 2.08%, restaurants and hotels at 4.82%, furniture at 2.99%, health care at 3.05%, and transportation at 3.60%.
Contrarily, inflation rates for food and non-alcoholic beverages saw a decrease to 4.37%, down from 5.29%. Additionally, recreation and culture recorded a slight decline to 5.45%, education reduced to 3.88%, while clothing and footwear remained unchanged at 2.27%. Overall consumer prices in Paraguay increased by 1% in January following a 0.7% rise the month prior.
In conclusion, the steady inflation rate in Paraguay at 3.8% in January 2025 highlights mixed trends across various sectors of the economy. While housing and utility costs significantly contributed to inflation, declines in food and beverage prices indicate some relief. The monthly increase in consumer prices also emphasizes ongoing economic fluctuations.
Original Source: www.tradingview.com
