The sustained slowdown in the Consumer Price Index (CPI) in Venezuela supports the recent statement by the president of the Central Bank of Venezuela (BCV), Luis Pérez, regarding single-digit inflation starting in May.

The sustained slowdown in the CPI has allowed the strengthening of purchasing power and economic predictability.

Pérez emphasized in an official statement that “the stabilization of the foreign exchange market has been the fundamental anchor for this achievement. Thanks to a plan that includes a foreign exchange intervention of more than $1.35 billion for the month of May, the central bank guarantees the necessary fluidity and lubrication for the national productive sector.”

Pérez underscored that Venezuela is currently positioned as the fastest-growing economy in Latin America this year, and cited projections from several international organizations: ECLAC places Venezuela’s growth at 6.5 %; the UNDP forecasts a GDP increase of 7.4 %; and the International Monetary Fund estimates growth of 4 % for 2026 and up to 6 % for 2027.

M.Pino

Source: ultimasnoticias

(Reference image source: file)

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Peru has maintained a single-digit inflation rate for 27 years and 7 months, which is considered a historical milestone in Latin America, after the country recorded an interannual rate of 2 % in August.

The figure is within the target range according to reports from the Central Reserve Bank of Peru (BCRP), issued on Thursday, September 5.

“The Peruvian record covers 331 months, from February 1997 to August 2024, and allowed it to surpass the mark held by Chile, which reached a period of 27 years and 6 months of continuous single-digit inflation between October 1994 and March 2022, according to statistics provided by the BCRP.”

The BCRP reported that the long period of single-digit inflation began in February 1997. It emphasized that it is the country “with its own currency that has the lowest inflation in the region, below 3 percent.”

M.Pino

Source: swissinfo

(Reference image source: Spencer Arquimedes in Unsplash)

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La entrada Peru is the Latin American country with a record of single-digit inflation for 27 years and 7 months apareció primero en Bitfinance.