Paraguay's Q3 Inflation Hits 2.5% in 2023

INSUBCONTINENT EXCLUSIVE:
7.1%.For September, the Consumer Price Index (CPI) rose by 0.5%
Interestingly, last September showed a -0.1% rate.This rise breaks a three-month trend of declining inflation
Despite this, bank experts still forecast a 4.1% rate by year-end.Meanwhile, annual inflation reached 3.5%
prices
Other items like durable goods and services also rose moderately.Personal care items, household products, and clothing also saw price
For example, the U.S
has recently battled higher rates, reaching over 5% this year.On the other hand, European countries like Germany have managed to keep it
focus on agricultural exports might be a stabilizing factor
However, challenges like fuel price volatility remain universal and could affect future rates.Experts say diversifying the economy could
offer more insulation from global shocks
key
Especially as both local and global factors continue to pose risks.Therefore, economic strategies must adapt to ensure stability.