Paraguay’s inflation surged to 1.1% MoM in March, reaching a rate of 3.6% YoY, significantly higher than the previous month’s figures and surpassing expectations. The increase was mainly due to a rise in goods prices, particularly fuels and food, while service prices remained unchanged. Core inflation saw a modest increase to 0.5% MoM and 3.4% YoY, indicating a slight acceleration from February’s figures.