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Paraguay's annual inflation rate fell to 4.0% in April 2025 from 4.4% the previous month, the first decline of the year. Prices rose at a softer pace for housing and utilities (3.8% vs. 3.6% in March) and food and non-alcoholic beverages (4.9% vs. 6.4%). In the meantime, inflation was unchanged for rent (1.8%). On a monthly basis, consumer prices in Paraguay rose 0.5% in April, after a 1.2% increase in March.