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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Argentina’s inflation for May was 1.5 %, the lowest in five years, according to estimates by the National Institute of Statistics and Census (INDEC).

The agency also reported the accumulated CPI from January to June, which rose to 13.3 %, “while the year-on-year change stands at 43.5 %.”

The National Institute of Statistics and Census (INDEC) reflects a downward trend in prices in the South American country, thanks in part to “the reduction in food costs, which registered a 0.5 % decrease, driven by the sharp drop in vegetables (-8 %) and fruits (-2 %).”

In detail, the sectors that experienced the greatest price increases in May were Communications (4.1 %), due to increases in telephone and internet services. Next came restaurants and hotels, with a 3 % increase, driven by increases in eating out.

Meanwhile, transportation and food and non-alcoholic beverages saw the smallest variation, “with increases of 0.4 % and 0.5 %, respectively.”

The goods and services sectors, in the core CPI (2.2 %), led the price increases; followed by regulated prices (1.3 %) and seasonal prices (-2.7 %).

M.Pino

Source: iproup

(Reference image source: Gustavo Sánchez on Unsplash)

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La entrada May inflation in Argentina was 1.5 % apareció primero en Bitfinance.