Economy & Business - June 2026

VENEZUELA | Rodríguez seeks India deals amid falling inflation. On 6 June Venezuela’s central bank (BCV) published inflation figures for May, showing a monthly inflation rate of 6.3%. It said this was the lowest rate in 19 months, following monthly inflation of 10.6% in April and 13.1% in March. The BCV did not provide the annual inflation rate. The figures were released while President Delcy Rodríguez was in India on a trip aimed at cementing the country’s status as a key buyer of Venezuelan oil. On 6 June she visited Jamnagar, the world’s largest oil refinery owned by Indian energy company Reliance Industries, writing on social media that “both countries are advancing in energy complementarity”. The previous day, she met with India’s oil and natural gas minister, Hardeep Singh Puri, although no agreements were announced.

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