Weekly Report - 19 June 2025 (WR-25-24)

VENEZUELA | Hyperinflation coming back? President Maduro has announced an agreement with local businesses to monitor and control price increases for a series of basic household items. The announcement came as the independent Observatorio Venezolano de Finanzas (OVF) reported that monthly inflation in May was sharply up at 26%, compared with only 2% a month around this time last year. OVF believes annual inflation is now running at around 229%.