The government of Santiago Peña announced that Paraguay's inflation rate in February reached 0%

the Economic inflation in Paraguay And in February it was 0%less than the 0.5% variation recorded in the same month last year, the issuing bank reported on Tuesday.

This result, made clear by a statement issued by the Central Bank of Paraguay (BCP), was due, among other things, To increase education-related services Before the start of the school year in the country and This has been offset by the lower cost of some food and fuel.

in this way, The cumulative inflation rate so far this year is 0.9%.That is, less than the 1.7% that the cost of living reached in the same period in 2023.

Turn Annual inflation (February 2023 – February 2024) Accessed 2.9%This is a lower percentage than 3.4% last January and 6.9% for the same period of the previous year.

Regarding price behavior, the Banque Centrale Populaire noted that reading materials, school supplies and school uniforms for children witnessed an increase, as well as education-related services such as tuition fees and monthly payments for various levels of pre-primary, primary, secondary and tertiary education. And day care.

The cost of dairy products, cereals and their derivatives, and non-alcoholic beverages, as well as foods such as eggs, has also risen, the latter due to increased demand due to the proximity of Holy Week, when Paraguayans usually prepare traditional chiba (bread made from cassava starch, corn flour and cheese).

Other factors include the behavior of some cuts of beef, pork and offal, which recorded a decrease in their cost.

also Fuel prices such as regular and premium petrol, diesel additives and LPG for domestic use have fallen.

(With information from EFE)