Venezuelan inflation was 1.7 % in January, a decrease of 0.7 points compared to December 2023, reported the Central Bank of Venezuela (BCV).
With this figure, the country accumulates four consecutive months of slowdown in the increase in prices of goods and services, after having registered a rate…
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OVF
Inflation in Venezuela climbs to 6.7 % monthly but year-on-year falls to 362 %
The National Consumer Price Index (INPC) of Venezuela registered a slight increase in October of seven tenths, reaching 6.7 % monthly, while the year-on-year figure fell to 362 %, compared to the year-on-year inflation of 396 % registered…
Venezuela registers two consecutive quarters of economic contraction
The Venezuelan economy registers a 7 % drop, after two consecutive quarters of contraction. This has been indicated by the Venezuelan Finance Observatory, OVF.
The agency has indicated this Wednesday that a new recessive cycle is…
Venezuela will produce a maximum of one million oil barrels per day
The economist and oil expert Rafael Quiroz pointed out that the most Venezuela could produce this year is one million barrels per day. In his opinion it is "impossible" for the country to produce 2,000,000 barrels of crude oil per day, as…
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…