* 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%).
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