LatinNews Daily - 08 March 2022

In brief: Inflation falls in Venezuela, says think tank

* The Observatorio Venezolano de Finanzas (OFV), an independent economic think tank founded by Venezuela’s political opposition, has reported monthly inflation in February of 1.7%, bringing the annual inflation rate to 246%. This was down significantly on the 4.8% monthly inflation that the OVF reported in January, with the think tank attributing the price stabilisation to interventions by the central bank (BCV) to boost the bolívar against the US dollar. BCV figures also show a drop in inflation, recording a monthly inflation rate of 2.9% in February compared to 6.7% in January.

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