According to the Central Bank of Venezuela, inflation in August reflected a slowdown, reaching 8.9 %.

“This is the second lowest monthly variation reported by the issuing entity in 2016, only behind the 6.3 % recorded in May, and marks a significant moderation after the spike in July, when the CPI reached 19.9 %,” according to BCV data.

The August result reflects that the accumulated inflation for the year amounts to 200.1 %, while the year-on-year inflation stands at 534.2 %.

According to the Central Bank of Venezuela (BCV), August saw a recovery in distribution channels, along with less pressure on the foreign exchange market, reflected in a more contained exchange rate fluctuation and more stable prices for goods and services.

The central bank’s data showed the following double-digit monthly increases: housing services (excluding telephone) 12.3 %; communications 11.7 %; transportation 10.3 %; and miscellaneous goods and services 10.1 %.

On the other hand, household equipment increased by 9.6 %, while restaurants and hotels rose by 9.5 %, and housing rentals by 9.2 %. Clothing and footwear registered a 9 % increase, while alcoholic beverages and tobacco, and health services, both experienced increases of 8.9 %.

The smallest monthly increases were observed in the recreation and culture sector (8.4 %), and in the food and non-alcoholic beverages and education services sectors (8.2 %).

Regarding accumulated inflation between January and August, restaurants and hotels led the increases with 212.3 %, slightly above healthcare at 212%. Following these were miscellaneous goods and services (208 %), recreation and culture (204.8 %), clothing and footwear (202.2 %), and communications (201.7 %).

M.Pino

Source: finanzasdigital

(Reference image source: Aaron Lefler on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Venezuela’s inflation in August was 8.9 % apareció primero en Bitfinance.

The Center for Documentation and Social Analysis of the Venezuelan Federation of Teachers (Cendas-FVM) reported that the cost of the basic food basket for families exceeded 516,000 bolivars in July.

According to the agency’s data, the amount represents a 15.8 % increase compared to June, when the CAF (Costa Rican Food Bank) stood at 446,304.53 bolivars.

The items that experienced the greatest price increases are: sugar and salt (+33.07 %), coffee (+28.86 %); milk, cheese, and eggs (+18.75 %); fats and oils (+26.87 %); and roots, tubers, and other produce (+31.08 %).

The Cendas study includes the cost of bottled drinking water, due to the ongoing supply problems, which amounts to an estimated $13.52 for consumption.

M.Pino

Source: descifrado

(Reference image source: Marjan Blan on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Cost of the basic food basket in July exceeded 516,000 bolivars apareció primero en Bitfinance.

As 2025 draws to a close, people are already wondering if they’ll be able to save anything next year, or if their monthly salary will be enough to cover all their needs.

Analysts recommend taking the time to create a simple, stress-free, income-based, and completely realistic plan. Utility bills, commitments, tax obligations, and credit cards should be at the forefront to ensure no financial obligation is overlooked.

In other words, be straightforward; be honest about the cuts you can make to unnecessary expenses.

Furthermore, enhance your knowledge of saving through reading, in-person or online workshops, and other resources.

It’s also important to talk as a family about expenses, income, the possibility of adjusting the budget, and perhaps some changes in habits, such as walking instead of driving on weekends, for example.

The goal isn’t to subject yourself, or your family, to great sacrifices. On the contrary, it’s about making adjustments, small changes in consumption and behavior to achieve financial security.

M.Pino

Source: larazon

(Reference image source: iSawRed on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Closing the year with a personal financial plan for 2026 apareció primero en Bitfinance.