Recent data from the Venezuelan Finance Observatory (OVF) show that Venezuela's inflation in April reached 18.4 %, 5.3 points higher than in March.
According to the OVF, "the food basket reached a value of $ 409, reaching its highest level in a long time," according to a publication by the…
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OVF
Cumulative inflation in Venezuela was 36.1 % in the first quarter
The Venezuelan Finance Observatory (OVF) reported this Monday that cumulative inflation in Venezuela for the first quarter of the year stood at 36.1 %.
According to the independent organization made up of economic analysts, prices for…
The bolívar has devalued 30 % so far this year
The legal currency in Venezuela, the bolívar, has lost 30 % of its value so far this year, according to estimates by the independent Venezuelan Finance Observatory (OVF).
According to the independent organization, "for every 1 % the…
Venezuela’s inflation in February was 12.8 %
The Venezuelan Finance Observatory (OVF) issued the report on the inflation rate for the month of February of this year, indicating that the monthly index was 12.8 %, while the annualized inflation reached 117 % and the accumulated…
Venezuela’s inflation in January was 7.9 %
Data from the Venezuelan Finance Observatory on inflation for the month of January indicate that it closed at 7.9 %. The entity highlights that it was 6.9 points below last December, when it closed at 14.8 %.
The OVF indicated in a press…
OVF: Inflation in Venezuela in July was 4 %
The Venezuelan Finance Observatory (OVF) indicated that during the month of July, inflation in Venezuela was 4 %.
The independent entity of the Central Bank of Venezuela also indicated that the interannual and accumulated inflation rates…
Inflation in Venezuela was 1.7 % in January according to BCV
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…
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…