* Paraguay’s central bank (BCP) has released new figures which show that the monthly inflation rate in October 2023 was 0.5%, the same as the rate recorded in September 2023 but up from -0.2% recorded in August. This brings the annual inflation rate to 3%, showing no variation from September while it is up from 2.9% in August. Annual inflation remains within the BCP’s target of 4%. Core inflation, which excludes fuel, utilities, and some food items, registered a 0.4% monthly increase, with annual core inflation standing at 3.9%, the same as the previous month.
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LatinNews Daily - 6 November 2023
In brief: Paraguay’s inflation rate remains stable
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