Venezuela’s inflation in February was 12.8 %
According to data from the Venezuelan Finance Observatory, inflation in Venezuela for the past month of February was 12.8 %; the year-on-year rate reached 117 %
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 inflation closed at 20.3 %.
In a note published on its website on March 5, the OVF stated: “These results coincide with what was reported in the Economic Expectations Survey for February, which anticipated an inflation rate between 100% and 120 %.”
The interpretation of this inflationary behavior is attributed to a coupling of the price indexes to the increase in the US dollar.
The organization noted that the items that showed the greatest increase in value were entertainment (21.2 %), equipment (17.8 %), restaurants and hotels (17.9 %), clothing and footwear (17.1 %) and food (13.3 %).
M.Pino
Source: finanzasdigital
(Reference image source: Marjan Blan on Unsplash)
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