Caacupé (Spanish pronunciation: [ka(a)kuˈpe]; Guarani: Ka'akupe, literally: "Behind the Mount") is a city and district in Paraguay.

The town was founded in 1770 by Carlos Murphy, a grenadier in the service of King Charles III of Spain, although a first settlement existed here from the 17th century.

The Cathedral Basilica of Our Lady of Miracles, Caacupé stands in the centre of the town.

A major religious festival is held annually on 8 December in honour of the statuette "Our Lady of the Miracles".

This statuette, carved in the 16th century by a devout convert, was miraculously saved from a great flood, and numerous miracles are ascribed to it.