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The Paraguayan CPI shows a minimal rise of 0.9%


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Sep 11 2021

According to the latest report from the Central Bank of Paraguay (BCP), inflation in August, measured by the variation in the Consumer Price Index (CPI), recorded an acceleration of just 0.9%, a result higher than the rate. 0.5% registered in the South American country in the same month of 2020.

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The Paraguayan CPI shows a minimal rise of 0.9% – Photo: Pixabay / Public domain

“Inflation in the month of August was characterized by increases in almost all the groups of the index, especially the price increases verified in food, durable goods and some services of the basket,” explains the BCP.

According to the document published by the Central Bank of Paraguay this September, accumulated inflation so far this year amounts to 3.6%, while interannual inflation in August reached 5.6%, higher than the rate of 5.2% registered in the monthly comparison and also higher than the rate of 1.6% registered in August of last year.

Regarding the increase in prices in domestic and imported goods, the BCP details that in the monthly analysis, consumer goods of national origin recorded a discreet increase of 1% in August, when in the same month of 2020 it barely reached 0.4 %.

Regarding the monthly inflation of imported consumer goods (which does not include fruits or vegetables), this registered a variation of 0.6% in the eighth month of 2021, a result similar to that recorded in the same month of the previous year and accumulating a 6.3% rise so far in 2021.

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