Reported 6 months ago
Venezuela's annual inflation has decreased to a 10-year low of 59%, representing the slowest pace since 2014. The government's interventions in the currency market and cost-cutting efforts have contributed to easing consumer price pressure ahead of President Maduro's re-election campaign. Despite having the highest inflation rate in Latin America after Argentina, Venezuela's rate has significantly dropped from its 2019 peak of over 300,000%. The central bank's recent actions include spending millions to defend the bolivar and resuming monthly price data publication.
Source: YAHOO