Inflation rates by country and year

-0.9%8.7%18.2%27.7%37.3%
-0.9%8.7%18.2%27.7%37.3%
19608.2%
199215.2%
20254.0%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2025Inflation Rate4.0%

Behind the curve

Turning points in Paraguay

  1. 2008↑ Upward pressure

    A food-heavy CPI basket magnified supply shocks — Wikipedia (opens in a new tab)

    Paraguay's 2008 inflation was amplified by a CPI basket with a large food weight: worldwide cereal and milk shocks, country-specific beef prices and higher fuel costs drove most of the increase and spilled into other prices.

    IMF Country Report 08/268: Paraguay—Stand-By Arrangement Review
  2. 2020↓ Downward pressure

    The lockdown halted services and border trade — Wikipedia (opens in a new tab)

    Paraguay entered 2020 recovering from poor weather, but an early COVID-19 lockdown cut activity by about one fifth by April. Services, informal workers and cross-border trade were hit especially hard, while inflation reached historic lows mid-year.

    IMF Country Report 21/45: Paraguay—2020 Article IV Consultation
  3. 2022↑ Upward pressure

    Drought and imported fuel raised price pressure — Wikipedia (opens in a new tab)

    The 2021–22 drought cut agricultural output as the Ukraine war raised imported fuel and food prices. Inflation jumped to 10.1 percent in March 2022, with meat and fuel prominent; the central bank tightened sharply in response.

    IMF Country Report 22/177: Paraguay—2022 Article IV Consultation

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Paraguay?

The annual inflation rate in Paraguay was 4.0% in 2025, the most recent year in the World Bank dataset. That means prices rose 4.0% on average compared with the year before. Use the chart above to explore Paraguay's full inflation history from 1960 to 2025, and to compare it with any other country.

How inflation in Paraguay has changed

Inflation in Paraguay peaked at 37.3% in 1990 and reached its lowest point at -0.9% in 1970. Averaged across the 66 years of available data (1960–2025), the rate has been 10.2% per year.

Frequently asked questions about inflation in Paraguay

What is the current inflation rate in Paraguay?

The latest available annual figure is 4.0% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Paraguay's statistical office.

What was the highest inflation rate in Paraguay?

The highest annual inflation rate on record is 37.3%, reached in 1990.

What was the lowest inflation rate in Paraguay?

The lowest annual inflation rate on record is -0.9%, recorded in 1970.

Where does the inflation data for Paraguay come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.