Macroeconomic Forecast Paraguay

December 2006 | Macroeconomic Forecasts

Headline consumer price inflation (CPI) increased by 1.9% m-o-m and 8.9% y-o-y in November (down from 12.3% y-o-y in 2005). Although November's CPI data indicate an easing of inflation pressures on a yearly basis, the increases in inflation since September suggest that CPI could potentially climb back into double digits over the coming months. The decrease in international crude oil prices since August has substantially slowed price inflation of fuel, which only grew by 1.2% y-o-y in November (down from 31

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