LatinNews Daily - 08 November 2022

In brief: Inflation rises in Venezuela

* The Observatorio Venezolano de Finanzas (OVF), an independent economic think tank founded by the Venezuelan opposition, has calculated that monthly inflation in October was at 14.5%, bringing annual inflation to 173%. The OVF’s estimate was significantly higher than the official inflation figures provided by Venezuela’s central bank (BCV) on 4 November, which put monthly inflation in October at 6.2% and annual inflation at 155.8%. According to the OVF, monthly price rises were steepest for services (+19.7%), communications (+17.2%), and food and non-alcoholic drinks (12.5%).

End of preview - This article contains approximately 90 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.