The Consumer Price Index (CPI) rose 3 % in March compared to the previous month and suddenly raised its year-on-year rate by more than two points, to 9.8 %, its highest value in 37 years, specifically since May 1985, according to the definitive data published this Wednesday by the National Institute…
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Amazon closes its physical bookstores in the US and the UK
Major e-commerce company Amazon said it plans to close dozens of brick-and-mortar bookstores and other retail stores to focus on groceries and tech. The decision affects a total of 68 stores in the United States and the United Kingdom…
Venezuelan inflation stood at 6 % in November
The Venezuelan Finance Observatory announced that Venezuelan inflation in November stood at 6.0 %, registering a small decrease when compared to October, which was 8.1 %.
The accumulated and annualized inflation of the inflation rate was…
Venezuela and the UN agree cooperation for sustainable development
The Venezuelan government held a meeting with the representative of the United Nations Organization (UN) in order to establish the guidelines and agreements that allow promoting sustainable objectives.
The meeting was attended by 11…
International remittances decrease by 55.8 % due to the pandemic
Money transfers to Venezuela have registered a decrease of 55.8 %, as a result of the Covid-19 pandemic that affects the world. This was indicated by the economist Corina Fung, who also stressed that "people who reside in the country and…