Paraguay’s Inflation Rate Sees Increase in February 2025

Paraguay’s inflation rate rose to 4.3% in February 2025, increasing from 3.8% in January, the highest since August 2024. Key sectors contributing to the rise included housing, food, and education. Monthly consumer prices rose 0.4%, compared to a 1% increase in January.

In February 2025, Paraguay’s annual inflation rate increased to 4.3%, up from 3.8% in January, representing the highest rate since August 2024. This escalation was attributed to notable price rises across various sectors, particularly in housing and utilities, which rose to 2.16% from 2.08%.

Significant contributors to the inflation rate included food and non-alcoholic beverages (4.90% vs. 4.37%), recreation and culture (5.96% vs. 5.45%), education (4.70% vs. 3.88%), and restaurants and hotels (5.26% vs. 4.82%). Additionally, furniture experienced a price increase of 3.15%, compared to 2.99% in January, while transportation costs surged to 5.49% from 3.60%.

Conversely, health care costs rose at a more measured pace, with a 2.65% increase compared to 3.05% the previous month. The prices for clothing and footwear remained relatively steady, fluctuating minimally from 2.26% to 2.27%. On a monthly scale, Paraguay’s consumer prices experienced a rise of 0.4% in February, a decrease from the 1% increase recorded in January.

In summary, Paraguay’s inflation rate has accelerated to 4.3% in February 2025, driven by notable increases across several critical sectors such as housing, food, and education. While certain areas like health care saw a decline in cost inflation, the overall monthly consumer price increase was lower than in January. These trends indicate ongoing economic pressures within the country.

Original Source: www.tradingview.com