Inflation in Paraguay: 2026 projection drops to 3.0%

Inflation projection revised downward

The Paraguayan economic scenario presents favorable indicators for the coming months, with a revision in the inflation projection at the close of 2026 from 3.5% to 3.0%. Information originally published by the newspaper ABC Color indicates that the Consumer Price Index (IPC) registered a slight monthly increase of 0.1% in September, after remaining stable in August. With these data, interannual inflation stood at 1.7% in the ninth month of the year, remaining below the target range stipulated by the Central Bank of Paraguay, which is 3.5% with a margin of plus or minus 2%.

Guarani behavior and stability

The solidity of the local currency has played a fundamental role in containing imported inflationary pressures, helping to cushion international increases in fuel and oil prices. However, analysts point out that global fluctuations in the energy sector and volatility in vegetable prices act as partial adjustment factors. Even in the face of these external risks, inflationary expectations remain anchored and the monetary policy rate is expected to remain unchanged.

• Interannual inflation of 1.7% registered in September 2026.
• Gross Domestic Product (PIB) growth forecast maintained at 4.5% for 2026, driven by consumption and the agricultural sector.
• Benchmark interest rate with no changes projected until the end of 2027.
• Exchange rate projected at G. 6,100 by the end of the period, although the currency is currently trading near G. 5,700.

What this means for Brazilians in Paraguay

For those who start businesses, invest, or plan to reside in the country, price stability and the firmness of the local currency bring predictability to operational costs and financial planning. The maintenance of stable interest rates and inflation control favor both internal consumption and security for new productive investments in the Paraguayan market.

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