The Central Bank of Venezuela reported inflation for May in Venezuela of 6.3 %, the lowest in 19 months, indicating a slowdown in the rate.

According to the regulatory body’s report, “the largest increase in prices was recorded in the recreation and culture sector (7.3 %), followed by restaurants and hotels (7.1 %), clothing and footwear (7 %), household goods (6.8 %), education services (6.6 %), and communications (6.5 %).”

In early May, the president of the Central Bank of Venezuela (BCV), Luis Pérez, “anticipated that 2026 would be marked by significant changes, which, he stated, would be felt by the end of the year and very likely in the following years, especially the next two, 2027 and 2028.”

At that time, Pérez predicted that starting in May, inflation would be in the single digits, considering the behavior of prices, which had shown a progressive reduction since the beginning of the year.

Meanwhile, some experts point to the rise in the value of the dollar as one of the main causes of the price increases in the country.

M.Pino

Source: elnacional

(Reference image source: engin akyurt on Unsplash)

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