Paraguay registered an inflation of 0.4% in June and accumulated 1.5%

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Asunción, Jul 2 (EFE) .- Paraguay’s monthly inflation stood at 0.4% in June, below the 0.6% registered in May, while the accumulated rate rose to 1.5% in the first semester of the year, according to data published this Friday by the Central Bank of Paraguay (BCP).

The agency relates the behavior of prices during the month of June with the increases registered in fuels and some durable goods, offset by the decreases in some foods.

The year-on-year variation climbed to 4.5%, higher than the 3.7% reported in May.

Throughout June, beef giblets experienced a 6.6% variation, followed by oils, with 4.6%, and fuels, with 4.5%.

The BCP explained that this rise in the price of fuels, mainly gasoline and diesel, responds to “increases in the prices of crude oil at the international level.”

Regarding the price of beef, the greater dynamism of exports and the upward trend in international markets has been reflected with a rise in local consumption.

The rise in prices throughout June was also influenced by the depreciation of the guaraní against the dollar, which began to be observed at the end of May and continued with this trend in June.

On the contrary, the price of fresh vegetables and tubers fell by 6.4%, a decrease that was also accompanied by fresh fruits (-2.9%) and pork (-1.4%), due to a lower external demand, according to the BCP.

The inflation target rate set by the BCP for 2020 is set at 4%.

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