LatinNews Daily - 05 April 2022

In brief: Steep rise in Venezuela’s monthly inflation, says think tank

* The Observatorio Venezolano de Finanzas (OVF), an independent economic think tank established by Venezuela’s political opposition, has reported monthly inflation of 10.5% in March, bringing the annual inflation rate to 251%. The latest figures mark a steep acceleration on the OVF’s inflation figures for February, when it recorded monthly inflation of 1.7% and annual inflation of 246%. According to the think tank, prices increased the most in the categories of domestic goods (105.9%), services (15.9%), communications (8.7%), and food (3.1%).

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