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LatinNews Daily - 09 March 2021

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In brief: Venezuelan economic analysis unit highlights hyperinflation

* José Guerra, a member of the Observatorio Venezolano de Finanzas (OVF), an economic analysis office created by the previous opposition-led national assembly, has said that Venezuela’s monthly inflation in February 2021 was 50.9%. Speaking in a press conference, Guerra also said that the year-on-year rate was 4,311% and accumulated rate so far this year was 134.2%. The opposition created the OVF on the grounds that Venezuela’s central bank (BCV) did not publish indicators such as inflation in a regular manner.