Venezuela’s inflation in January was 7.9 %
The Venezuelan Finance Observatory indicated that Venezuela's inflation in January was 7.9 %; a considerable difference compared to December, when it closed at 14.8 %
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 release that “this figure translated into an interannual inflation of 91.3 % at the national level, which reflects the persistent rise in prices experienced by the Venezuelan economy.”
The main factor for the inflation figure was identified as the increase in the value of the dollar in January and highlighted that “the sectors with the greatest increase were health (11.5 %), education (10.3 %), as well as clothing and footwear (10 %)”.
The organization also referred to the interannual and accumulated inflation rates for Venezuela in the first month of 2025, placing them at 91.3 % and 7.9 %, respectively.
M.Pino
With information from national media
(Reference image source: Towfiqu barbhuiya on Unsplash)
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