Paraguay’s inflation eased to 0.4% MoM in April, down from 1.2% in March, due to falling fuel prices. Annual CPI slowed to 4.0% YoY, slightly above the 3.5% +/- 2 ppt target band. Core inflation held at 0.5% MoM and rose to 3.9% YoY. The central bank has kept its policy rate at 6% for over a year.