LatinNews Daily - 09 May 2022

In brief: Venezuela’s inflation accelerates in April

* Venezuela’s central bank (BCV) has released the latest consumer price index, showing that monthly inflation stood at 4.4% in April. This represents an increase on the 1.4% monthly inflation recorded in March, but is down significantly on the 24.6% monthly inflation that the BCV reported in April 2021. Annual inflation in April was 222.3%, down from 284.4% the previous month. Both the monthly and annual inflation rates announced by the BCV are higher than the estimate published on 4 May by the Observatorio Venezolano de Finanzas (OVF), an independent economic think tank founded by the political opposition.

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