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    Home > Food News > Food Articles > Food inflation in Paraguay to hit 18%, consumers complain of soaring prices

    Food inflation in Paraguay to hit 18%, consumers complain of soaring prices

    • Last Update: 2022-04-17
    • Source: Internet
    • Author: User
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    Paraguayan economist Rubén Ramírez said recently that although the year-on-year inflation rate (inflación interanual) at the end of March is expected to be 10%, food price inflation will reach about 18%
    .
    Meanwhile, several buyers in Asunción's fourth market (Mercado 4) also pointed out that food prices are clearly feeling soaring at the moment
    .
     
    Paraguay's "Latest Moment" reported on March 14 that people shopping in the fourth market talked about the price increase of basic food
    .
    They agreed that people now need to spend twice or three times as much on household items, buying less but spending more
    .
    In addition, people also said they had to cut spending several times because of rising prices, were forced to suspend clothing purchases, and stopped traveling, weekend outings and other leisure activities
    .
     
    A female consumer said: “Before, I only had to bring 300,000 guaranis to the market, but now I have to bring 400,000 guaranis
    .
    Now the situation is very difficult, because of the price increase, we have to think more , buy less
    .
    "
     
    It is reported that due to rising fuel prices, coupled with dry weather and other reasons, the price of basic food in Paraguay has risen sharply, especially the prices of meat, fruits and vegetables
    .
    Faced with rising fuel costs, truckers, taxi drivers and travel platform employees staged demonstrations on March 14 aimed at pressuring the government to take emergency measures to lower Paraguay's economy amid soaring fuel prices.
    Fuel prices in different parts of the country
    .
    According to reports, in more than a year, the fuel price in Paraguay has risen to 2,300 guarani per liter, and the seventh price increase is already in the pipeline
    .
     
    The calculation method of the year-on-year inflation rate is to compare the price of a certain month with the price of the same month of the previous year.
    For example, the year-on-year inflation rate at the end of March this year is expected to be 10%, which means that the inflation rate at the end of March this year is compared with the end of March last year.
    An increase of 10% is expected
    .
    food price food
     
      Paraguay's "Latest Moment" reported on March 14 that people shopping in the fourth market talked about the price increase of basic food
    .
    They agreed that people now need to spend twice or three times as much on household items, buying less but spending more
    .
    In addition, people also said they had to cut spending several times because of rising prices, were forced to suspend clothing purchases, and stopped traveling, weekend outings and other leisure activities
    .
     
      A female consumer said: “Before, I only had to bring 300,000 guaranis to the market, but now I have to bring 400,000 guaranis
    .
    Now the situation is very difficult, because of the price increase, we have to think more , buy less
    .
    "
    consumer
     
      It is reported that due to rising fuel prices, coupled with dry weather and other reasons, the price of basic food in Paraguay has risen sharply, especially the prices of meat, fruits and vegetables
    .
    Faced with rising fuel costs, truckers, taxi drivers and travel platform employees staged demonstrations on March 14 aimed at pressuring the government to take emergency measures to lower Paraguay's economy amid soaring fuel prices.
    Fuel prices in different parts of the country
    .
    According to reports, in more than a year, the fuel price in Paraguay has risen to 2,300 guarani per liter, and the seventh price increase is already in the pipeline
    .
     
      The calculation method of the year-on-year inflation rate is to compare the price of a certain month with the price of the same month of the previous year.
    For example, the year-on-year inflation rate at the end of March this year is expected to be 10%, which means that the inflation rate at the end of March this year is compared with the end of March last year.
    An increase of 10% is expected
    .
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