Paraguay Suffering as Inflation Pushes Cost of Imports to 16-Year High

Paraguayans returning from shopping in Clorinda, Argentina, carry boxes and bags across the international bridge over the Pilcomayo River into the town of Nanawa, Paraguay, in this June 1, 2013, photo. Jorge Saenz/AP Photo

The upward trend of prices on items imported into Paraguay continues with no end in sight.

Inflation on imports was 9.3 percent higher in 2021 than it was in the same recorded period in 2020, making it the highest level recorded since 2005, according to a study by the Central Bank of Paraguay.